The value of the crypto investments held by the Ivy League Dartmouth College's $9 billion endowment decreased by over $2 million in three months.
In a statement filed Thursday with the U.S. Securities and Exchange Commission (SEC), the trustees of Dartmouth College indicated that as of June 30, the university endowment held shares in the Bitwise Solana Staking ETF, Grayscale Ethereum Staking ETF, and BlackRock iShares Bitcoin ETF worth approximately $12.4 million. The endowment held the same number of shares of each ETF, but their aggregate value declined by roughly 15% from when it reported holding $14.6 million in assets as of March 31.
The decline in value roughly corresponded with drops in the prices of the crypto assets related to each ETF. Since March 31, Bitcoin fell 7.7% to $62,915, Solana declined 9.6% to $75.11, and Ether dropped 10.8% to $1,875.
In 2025, Dartmouth reported including crypto assets in its endowment portfolio, becoming one of the first U.S. universities to invest in digital assets. Harvard, with its $57 billion endowment, as of Friday had not disclosed its assets for Q2 2026 but reported fully liquidating its $87 million stake in BlackRock iShares Ethereum as of March 31.
Related: Harvard Endowment Reduces Bitcoin ETF Stake and Boosts Ethereum Holdings
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