Nine in ten endowment funds have made crypto-related investments, study finds

94 per cent of endowment funds have stated they invested in crypto assets, either directly or through a fund last year, according to a survey conducted by Global Custodian, The TRADE Crypto and BitGo. The study was conducted in the fourth quarter of 2018, and 150 funds —mostly U.S.-based—took part.

More than half of the endowment funds stated they had invested directly in individual crypto-assets.

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