Harvard reduced its Bitcoin ETF holdings by 21% in the fourth quarter.
The endowment opened a $86.8 million position in BlackRock’s Ethereum ETF.
Despite volatility, Bitcoin remains Harvard’s largest disclosed equity holding.
Harvard Management Company reduced its Bitcoin ETF holdings by 21% in the fourth quarter while building a significant position in an Ethereum ETF, according to a recent SEC filing.
The Ivy League endowment disclosed that it held 5.35 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) as of Dec. 31. The position carried a market value of $265.8 million. In the prior quarter, Harvard reported 6.81 million shares valued at $442.8 million. The reduction amounts to roughly 1.48 million shares.
Despite the cut, Bitcoin remains Harvard’s largest publicly disclosed equity holding. The endowment’s IBIT stake still exceeds its reported positions in major tech companies such as Alphabet, Microsoft, and Amazon.
At the same time, Harvard opene
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