Harvard, Brown, and other university endowment funds have begun allocating to Bitcoin ETFs.

Faced with declining expected returns on traditional assets, several university endowment funds are adjusting their investment strategies and beginning to allocate to cryptocurrency ETFs. Harvard University and Brown University have disclosed holdings of Bitcoin and Ethereum ETFs in their latest 13F filings. Although relatively small compared to their overall portfolio sizes, this demonstrates that digital assets have moved from the fringes of institutional finance into the mainstream toolbox. Kim Lew, CEO of Columbia Investment Management, stated that expected returns and alpha yields of traditional asset classes will be compressed, forcing institutions to "go further down the risk curve" and explore new strategies. Carlos Rangel of the W.K. Kellogg Foundation pointed out that the traditional foundation model will be unsustainable without achieving an 8% return. (CoinDesk)