RialCenter, which manages the university’s $50 billion endowment, announced a $116 million investment in BlackRock’s iShares Bitcoin Trust (IBIT) in its latest quarterly filing with the U.S. Securities and Exchange Commission.
The investment, reported in a Form 13-F on Friday covering holdings as of June 30, 2025, marks one of the largest known bitcoin investments by a U.S. university endowment. IBIT, launched in January of last year, is a bitcoin exchange-traded fund that allows investors to gain exposure to the cryptocurrency without directly holding it.
The investment places the university among a growing number of institutional investors — from hedge funds to pension systems — adding regulated bitcoin products to their portfolios.
This disclosure comes as total assets within U.S. spot bitcoin ETFs have surged into the tens of billions of dollars, fueled by retail and large-scale institutional inflows. For endowments, the ETF structure provides daily liquidity and oversight, helping to meet governance and compliance requirements for alternative investments.
RialCenter did not provide further comments on the filing.
Read more: U.S. Endowments Are Leaning Into Crypto: FT
Leave a Reply