Emory University Doubles Bitcoin ETF Holdings, Expands $52M Stake in Grayscale’s Mini Trust
Quick Breakdown
- Emory University doubled its Bitcoin ETF holdings to over $51.8 million in Grayscale’s Mini Trust.
- The Bitcoin Mini Trust ETF offers lower fees (0.15%) than Grayscale’s flagship GBTC (1.5%).
- Despite $21.3B in outflows from Grayscale funds, institutions like Emory remain bullish on Bitcoin exposure.
Emory University deepens Bitcoin exposure
Emory University, a private research institution in Georgia, has doubled its exposure to Bitcoin through Grayscale Investments’ Bitcoin Mini Trust ETF. According to its latest filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday, the university now holds more than 1 million shares in the ETF, valued at approximately $51.8 million.
Source
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SEC
This marks a significant increase from its previous holdings, as Emory added 487,636 shares worth nearly $25 million since the second quarter. The university first disclosed its Bitcoin ETF investment in October 2024, when it revealed a $15 million position in the same fund.
Inside Grayscale’s Bitcoin Mini Trust ETF
Grayscale launched the Bitcoin Mini Trust ETF (ticker: BTC) in July 2024 as a lower-cost alternative to its flagship Bitcoin Trust ETF (GBTC), which began trading earlier that year.
The Mini Trust stands out with its 0.15% annual management fee, which is significantly lower than GBTC’s 1.5%. It was seeded by transferring 10% of GBTC’s underlying Bitcoin. This move aimed to attract cost-conscious investors seeking direct Bitcoin exposure through regulated exchange-traded products.
Despite the reduced fees, Grayscale’s Bitcoin ETFs have struggled with investor sentiment. Data from CoinShares shows that Grayscale funds have experienced more than $21.3 billion in outflows since 2024, with an additional $2.5 billion withdrawn so far in 2025.
BlackRock’s dominance and Emory’s strategy
While Grayscale faces sustained redemptions, BlackRock’s iShares Bitcoin ETFs (IBIT) have been the clear winners. They accounted for approximately 80% of total Bitcoin ETF inflows in 2024, pulling in roughly $48.7 billion, and continued strong momentum with $37.4 billion in 2025 inflows.
Emory University also holds a small position in BlackRock’s iShares Bitcoin ETF, totalling 4,450 shares valued at around $290,000. The university has maintained this holding since Q2 without adjustments.
Emory’s increasing allocation to Bitcoin-backed ETFs signals growing institutional confidence in the asset class. Meanwhile, global exchange-traded products (ETPs) extended their strong performance into September, with total year-to-date (YTD) net inflows reaching $353.25 billion, surpassing the $337.81 billion recorded during the same period in 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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