Harvard University and Brown University have incorporated Bitcoin and Ethereum ETFs into their endowment portfolios, as revealed in their latest 13F filings. This strategic shift comes amid declining expected returns from traditional asset classes, prompting institutions to explore riskier investment avenues. Kim Lew, CEO of Columbia Investment Management, highlighted the need for new strategies as traditional returns and alpha diminish. Carlos Rangel of the W.K. Kellogg Foundation emphasized the unsustainability of endowments failing to achieve an 8% return.