The post Harvard Endowment Expands Cryptocurrency Holdings with Bitcocom. Key Points: Harvard University massively increases Bitcoin ETF holdings, reaching $442. 9 million. Bitcoin ETF shares grew by 257. 48% this quarter. Significant institutional confidence in cryptocurrency investment. Harvard University significantly expanded its holdings in BlackRock’s iShares Bitcoin Trust, reaching 6. 81 million shares by September 30, as disclosed in a recent 13F filing with the SEC. This increased allocation signals institutional confidence in Bitcoin and aligns with broader trends of endowments investing in cryptocurrency-related assets, potentially impacting market perceptions and liquidity. Harvard’s Bitcoin ETF Surge: 257% Growth in One Quarter Harvard University’s increase in IBIT holdings marks a significant shift in its investment strategy. The university now holds 6, 813, 612 shares, a considerable jump from 1, 906, 000 shares in the previous quarter. This sharp rise underscores Bitcoin’s strengthening role in institutional portfolios and Harvard is positioning this as its largest equity investment. The endorsement of a Bitcoin ETF by a major endowment signals enhanced interest in digital assets. Harvard’s step mirrors similar strategies by other universities, illustrating a wider institutional embrace of these assets. The lack of direct commentary from Harvard Management Company officials leaves room for speculation, although BlackRock’s CEO Larry Fink has cited Bitcoin’s appeal as a “digital gold” in recent months. Did you know? In 2019, university endowments first began dabbling in cryptocurrency, although on much smaller scales trying to hedge against traditional market instabilities. The recent large-scale IBIT allocation marks a significant evolution in strategy. Larry Fink, CEO, BlackRock “As institutional interest in Bitcoin and digital assets continues to grow, we see the digitalization of gold as a significant opportunity.” From Small Bets to Major Stakes: Harvard’s Crypto Journey Did you know? In 2019, university endowments first began dabbling in cryptocurrency, although on much smaller scales trying to hedge against traditional market instabilities. The recent large-scale IBIT allocation marks.
