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Harvard and Yale Endowments Among Those Reportedly Buying Crypto

  • Some endowments got Coinbase accounts as long as 18 months ago
  • Universities moving into crypto show broadening marketplace
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Harvard University, Yale University, Brown University and the University of Michigan are among schools whose multibillion-dollar endowments have begun buying cryptocurrency directly on exchanges, according to a report.

Numerous large U.S. university endowments have been buying cryptocurrency on exchanges, CoinDesk reported, citing two people familiar with the situation. A lot of endowments are allocating a small portion to crypto, and most have been in for at least a year, CoinDesk cited one of the people as saying.