News from the hallowed halls, and goodness me, the dons at Brown University have dropped their monocles into their morning tea! Word is out that the esteemed Ivy League institution has plucked a cool 105,000 shares of a Bitcoin ETF off the proverbial shelf, which, just to keep the mathletes awake at night, now comprises roughly 2.3% of their $216 million stash of reported equity holdings. đ°đ§
This, dear reader, is no small sherry-fuelled flutter. Brownâs foray into digital assets may cause the portrait of the universityâs founder to raise a quizzical eyebrowâor three. Brown has lined up alongside that motley crew of banks, pension funds, and other suits who want to dip a pinky into the Bitcoin punch bowl without the indignity of getting digital crumbs between their velvet couch cushions.
The filings positively waft with the scent of old money discovering innovationâwhile clutching regulatory compliance close to the tweed vest, of course. Bitcoin, it seems, is now socially acceptable at cocktail parties on College Hill, provided itâs served as an ETF hors dâoeuvre and not in its raw, anarchic form. Cheers to that! đ„đ
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2025-05-04 00:50