A recent report analyzing the endowment investments of the United States’ top funded universities found that many of them already have exposure to cryptocurrency through the use of actively managed funds.

The report, which came from tech news publication, The Information, explained that the endowments of Harvard University, Stanford University, Dartmouth College, Massachusetts Institute of Technology, and the University of North Carolina, have all made investments in digital asset funds, signaling that institutions are beginning to increase their exposure to the nascent technology.

These endowments, which combined are worth nearly $100 billion, are a prominent example of institutional adoption, and signal a growing movement for money managers to enter the crypto markets, possibly out of fear of missing out, or due to a growing confidence in the markets.

Despite being an incredibly positive sign, the report explains that the five previously mentioned universities have only invested a miniscule portion of their endowments into the funds, estimated at being somewhere in the tens of millions of dollars.

The latest report regarding universities entering the crypto markets comes after widespread reports regarding Yale University entering the cryptocurrency markets with a portion of their $30 billion endowment. The university has reportedly invested in two cryptocurrency funds managed by Andreessen Horowitz and Paradigm.

Although the investments are currently small in relation to their overall capital, their forays into the blossoming markets could signal a greater trend of institutional entrance into the markets.

The Information reporter who broke the story, Jon Victor, spoke about the universities’ entrance into the markets, saying:

“A move by endowments into funds that will directly bet on cryptocurrencies signals a major shift in investor sentiment toward the asset class, in the same way that institutions over the past decade became more willing to invest in private tech companies. Backing from such closely watched institutions could help validate cryptocurrencies, which are still considered too risky by many institutional investors.”

Despite the promising signs that the cryptocurrency markets could be on the cusp of seeing a massive influx of institutional funds, the markets had fallen significantly at the time of writing, with Bitcoin down 5% and many altcoins down over 10%.