With news recently breaking that the Yale Endowment fund has made major investments into two different crypto funds, a recent report has also shown that a total of five more university endowments have shifted their attention towards investing in the crypto market.

Top Five Major Institutional Funds

The report made it known that Harvard University, Stanford University, Massachusetts Institute of Technology, Dartmouth College, and the University of North Carolina have invested a sizable chunk of money into crypto funds as well as other cryptos related investment. This investment was, of course, being made through their respective endowment funds which have top-notch money managers in charge.

The report also made it clear that the millions of dollar invested by these five institutions cover both physical cryptocurrencies purchase as well as equity in cryptocurrency companies.

With Yale leading the pack, with an investment reported to be above 300 million dollars. The Yale Endowment fund which is said to have an estimated capital worth of about $29.4, has invested a small portion of the endowment funds into these two crypto funds, Andreessen Horowitz (a16z) and Paradigm.

With investment coming from these trusted and prestigious endowment funds, the cryptocurrency market is likely to gain some level of credibility, and also attract mainstream investors. However, their current exposure in the Crypto market is still a bit small to draw up any form of conclusions.

Institutional Funds Knows What they are doing

The longterm perception of institutional investors has always been that they are calmer in their approach to trading, so they generally tend to make the right call. With the major names such as Yale, and Harvard leading the movement, other institutional funds are expected to join in. Once this starts to happen, the words of Mike Novogratz, a Crypto analyst, who predicted that “a herd of institutional investors would power the next bitcoin bull market” might just be coming true.