Dartmouth’s endowment quietly added both bitcoin and ethereum ETF exposure to its public-equities book, according to a Form 13F filed Jan. 14. The filing shows the Trustees of Dartmouth College held 201,531 shares of BlackRock’s iShares Bitcoin Trust (IBIT) valued at $10,006,014 and 178,148 shares of the Grayscale Ethereum Mini Trust valued at $4,998,833 as of Dec. 31, 2025 — a rare “double-print” of BTC and ETH inside an Ivy League 13F. Market observers flagged the move as notable. Analyst account MacroScope called it “very important,” noting Dartmouth’s holdings of IBIT and the Grayscale Ethereum Mini totaled roughly $15 million on the filing’s marks. Together the two crypto positions account for about 3.8% of Dartmouth’s reported Form 13F portfolio, which totaled $393,306,686 across nine disclosed holdings. Even with the new crypto allocations, Dartmouth’s 13F still reads like a traditional liquid sleeve. Its largest position was the SPDR S&P 500 ETF Trust at $227,897,664, followed by iShares Core MSCI Emerging Markets ($50,043,811), GMO US Quality ($42,153,006) and Vanguard Value ($34,807,928). Neither IBIT nor the Grayscale Ethereum Mini Trust appeared in Dartmouth’s prior 13F for the quarter ended Sept. 30, 2025, supporting the view that both were newly added heading into year-end. Dartmouth isn’t alone among university allocators easing into spot-ETF bitcoin exposure. Brown disclosed an IBIT position of 105,000 shares (about $4.9 million) in its March 31, 2025 13F — described then as the school’s “first foray” into spot bitcoin ETFs. Emory moved earlier: an Oct. 2024 filing showed roughly $15.8 million placed in a publicly traded bitcoin ETF via Grayscale’s Bitcoin Mini Trust. And Harvard Management Co.’s public-equities 13F for the quarter ended Sept. 30, 2025 listed IBIT as its largest reported holding — 6,813,612 shares worth about $442.9 million on the filing marks. Reminder: Form 13F filings reflect long positions in certain publicly traded securities and offer a partial view of an institution’s total exposure. At press time, bitcoin traded near $96,284. Read more AI-generated news on: undefined/news

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