wme

According to Bloomberg ETF analyst James Seyffart, 13F filing institutions have collectively reduced their holdings in Ethereum spot ETFs, with hedge funds concentrating their selling due to the collapse of basis trade returns; traditional/long-term funds are increasing their positions against the trend, with Harvard's endowment fund being the largest new buyer this season.

According to CoinDesk, in response to declining return expectations for traditional assets, several university endowments are adjusting their investment strategies and starting to allocate to cryptocurrency ETFs. Harvard University and Brown University have disclosed positions in Bitcoin and Ethereum ETFs in their latest 13F filings.Kim Lew, CEO of Columbia Investment Management Company, stated that the expected returns on traditional asset classes and Alpha returns will be compressed, forcing institutions to move further along the risk curve and explore new strategies. Carlos Rangel from the W.K. Kellogg Foundation pointed out that if an 8% return cannot be achieved, the traditional foundation model will be difficult to sustain.

ChainCatcher news, according to FT, American foundations and university endowments are increasing their investments in cryptocurrencies. The University of Austin, which was established only a year ago, is raising a $5 million Bitcoin fund for its $200 million endowment, becoming the first of its kind in the United States. The university's Senior Vice President for Development, Chad Thevenot, stated that the crypto asset portfolio will be held for at least five years.The $4.8 billion Rockefeller Foundation is also considering increasing its digital asset allocation after diversifying its user base. Additionally, the number of endowment fund clients for the digital asset venture capital fund Pantera Capital has grown eightfold since 2018.

ChainCatcher news, according to The Block, Dapper Labs co-founder Mack Flavelle has signed with Hollywood agency WME. WME has currently signed with NFT-related projects or companies such as Bright Moments, Non-fungible Heroes, and Boss Beauties.It is reported that Hollywood stars who have signed with WME include Dwayne Johnson and actress Charlize Theron, who played villains in some of the Fast & Furious films. (source link)

Chain Catcher news, Nick Johnson, the head of development for the Ethereum Name Service (ENS), has initiated a voting proposal to hire a fund manager to manage an endowment fund that can pay for ongoing development needs without relying on registration and renewal income. The fund's capital will come from the DAO's current holdings of ETH and USDC, as well as a portion of the DAO's ongoing revenue, until the fund reaches its target size. The voting ends on September 14.ENS DAO currently holds 13,069 ETH in revenue, 3,817,067 USDC, and 18,184 ETH in prepaid revenue. (Source link)