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Dartmouth endowment crypto holdings fall $2M amid price declines

Created at 14 Aug · 7:11 PM1 source↑ Market-relevant
IN SHORT

Dartmouth College's endowment saw the value of its cryptocurrency-related investments drop by over $2 million in three months, falling to approximately $12.4 million as of June 30. The decline is attributed to falling prices of Bitcoin, Ethereum, and Solana.

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Key Numbers

$9 billionDartmouth endowment total value
$2 millionDecrease in crypto holdings value
$12.4 millionCrypto holdings value as of June 30
$14.6 millionCrypto holdings value as of March 31
15%Percentage decrease in crypto holdings value
7.7%Bitcoin price decrease
9.6%Solana price decrease
10.8%Ether price decrease

Who's Involved

Dartmouth College
University whose endowment saw crypto holdings decline
Bitwise
Issuer of Solana staking ETF
Grayscale
Issuer of Ethereum staking ETF
BlackRock
Issuer of iShares Bitcoin ETF
US Securities and Exchange Commission (SEC)
Received the endowment's filing

↳ Why This Matters

The decline in Dartmouth's crypto holdings reflects the broader market volatility experienced by major cryptocurrencies and highlights the risks associated with digital asset investments, even for institutional investors like university endowments.

Key facts

  • Dartmouth College's endowment holdings in crypto-related ETFs fell by over $2 million in three months.
  • As of June 30, the endowment held approximately $12.4 million in Bitwise Solana staking ETF, Grayscale Ethereum staking ETF, and BlackRock's iShares Bitcoin ETF.
  • This represents a 15% decrease in value from the $14.6 million reported on March 31.
  • The price of Bitcoin dropped 7.7%, Solana 9.6%, and Ether 10.8% during the same period.

The value of cryptocurrency-related investments held by Dartmouth College's endowment has fallen by over $2 million in the past three months, according to a filing with the U.S. Securities and Exchange Commission. As of June 30, the endowment's holdings in the Bitwise Solana staking ETF, Grayscale Ethereum staking ETF, and BlackRock's iShares Bitcoin ETF were valued at approximately $12.4 million. This represents a roughly 15% decrease from the $14.6 million reported on March 31. The decline in value closely mirrored the falling prices of the underlying cryptocurrencies, with Bitcoin experiencing a 7.7% drop, Solana a 9.6% decrease, and Ether a 10.8% decline during the period. Dartmouth was one of the first U.S. universities to add crypto exposure to its endowment portfolio in 2025.

Frequently asked questions

Dartmouth College's endowment is valued at approximately $9 billion.

Dartmouth holds the Bitwise Solana staking ETF, the Grayscale Ethereum staking ETF, and BlackRock's iShares Bitcoin ETF.

The value of Dartmouth's crypto holdings decreased by over $2 million, or about 15%, between March 31 and June 30.

What Happens Next

01Dartmouth College will continue to report its holdings in subsequent SEC filings.

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Cadence

How It Developed

Dartmouth College's endowment reported crypto holdings valued at $12.4 million as of June 30.
The value of these holdings decreased by over $2 million from March 31.
The decline corresponds with falling prices of Bitcoin, Solana, and Ether.
Bitcoin fell 7.7%, Solana 9.6%, and Ether 10.8% during the period.

Sources

T1
Dartmouth endowment’s crypto exposure drops by $2M amid falling pricesThe value of the university endowment’s holdings in the Bitwise Solana staking ETF, Grayscale Ethereum staking ETF and BlackRock’s iShares Bitcoin ETF dropped to about $12 million.Cointelegraph

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