Dartmouth Endowment Crypto Holdings Drop $2M

This is a valuation markdown, not a strategy shift — the endowment's disclosed positions in crypto ETFs simply repriced lower, so the signal is about passive exposure to volatility rather than any Dartmouth decision to trim. The composition is notable for a traditional endowment: a staking Solana product and a staking Ethereum product alongside a plain bitcoin ETF, suggesting allocators are reaching past bitcoin into yield-bearing crypto wrappers. Whether that mix survives the drawdown, or gets pared back in the next disclosure, is the open question.