Dartmouth endowment’s crypto exposure drops $2M to $12M as market volatility bites

Dartmouth College’s crypto portfolio took a haircut. The university endowment’s combined holdings across three spot crypto ETFs fell from roughly $14 million to about $12 million, a decline driven by the kind of price swings that make traditional endowment managers reach for the Tums. But the raw dollar drop obscures what’s actually notable here: Dartmouth didn’t just hold steady on crypto. It expanded, adding a Solana staking ETF to its mix and rotating its Ethereum position into a staking variant. For a $9 billion endowment, $12 million is barely a rounding error. The strategic choices, though, say something louder than the losses. What Dartmouth actually holds According to the endowment’s Q1 2026 13F filing, disclosed in May, Dartmouth held three distinct crypto ETF positions as of March 31. The largest by share count was 304,803 shares of the Bitwise Solana Staking ETF (BSOL), representing roughly $3.3 million to $3.67 million in exposure. That’s a brand-new addition, and it makes Dartmouth one of the earliest major US university endowments to take a position in a Solana-linked product. It also held 201,531 shares of BlackRock’s iShares Bitcoin ETF (IBIT), the dominant spot Bit...