Key facts
- Edelman Financial Engines reported a $34 million stake in spot Bitcoin ETFs.
- Tudor Investment Corporation disclosed $22.9 million in BlackRock's iShares Bitcoin Trust.
- Dartmouth College's endowment saw its crypto holdings fall by over $2 million.
- Dartmouth College's endowment crypto holdings are valued at approximately $12.4 million as of June 30.
- The decline in Dartmouth's endowment crypto holdings is attributed to falling prices of Bitcoin, Ethereum, and Solana.
- Citigroup CEO Jane Fraser supports the crypto Clarity Act.
- A vote on the crypto Clarity Act is expected in September.
- France's tax authority confirmed a data breach affecting hundreds of thousands of individuals.
- Bitcoin holders are among those affected by the French tax authority data breach.
- The French data breach raises concerns about phishing, identity theft, and targeted attacks.
Institutional adoption of Bitcoin continues to grow, with Edelman Financial Engines reporting a $34 million stake in spot Bitcoin ETFs as of June 30. Tudor Investment Corporation also disclosed holdings totaling $22.9 million in BlackRock's iShares Bitcoin Trust for the same period. These disclosures highlight the increasing use of regulated investment vehicles by institutions to gain exposure to Bitcoin.
In contrast to institutional growth, Dartmouth College's endowment has seen a decrease in its cryptocurrency investments. The value of its crypto holdings fell by over $2 million in the three months leading up to June 30, bringing the total value to approximately $12.4 million. This decline is attributed to falling prices of major cryptocurrencies including Bitcoin, Ethereum, and Solana.
On the regulatory front, Citigroup CEO Jane Fraser is actively seeking the passage of the crypto Clarity Act. Fraser described the bill as a "good bill" and emphasized the necessity of regulations that foster innovation while ensuring the safe adoption of digital assets. A vote on the act is expected in September.
Separately, a significant data breach has been confirmed by France's tax authority, impacting hundreds of thousands of individuals. Notably, Bitcoin holders are among those affected by this breach. The compromised data raises concerns about potential exploitation for phishing scams, identity theft, and targeted attacks, particularly given France's history of crypto-related "wrench attacks."