Last week I wrote how Morgan Creek Digital made a splash when it raised over $40 million for a new crypto venture capital fund.
The significance… the fund is anchored by two public pensions and several other institutions invested including a university endowment, a hospital system, an insurance company, and a private foundation.
It’s a great sign institutions are getting into crypto.
And the trend is gaining steam… more on that below.
Cambridge Associates, a financial advisor for pensions and endowments, recently said in a report:
“Despite the challenges, we believe that it is worthwhile for investors to begin exploring this area today with an eye toward the long term.”
Cambridge manages over $300 billion for institutions.
And the assets under management for pensions and endowments is over $30 trillion each.
So even a little bit of pensions and endowments going into cryptos would be a huge flow of money.
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