The Harvard Management Company (HMC), which oversees Harvard University’s multi-billion dollar endowment, has adjusted its cryptocurrency portfolio according to recent regulatory filings. The university has notably reduced its stake in spot Bitcoin exchange-traded funds (ETFs) during the last quarter. Concurrently, the endowment has expanded its digital asset strategy by adding exposure to Ether, reflecting a shift toward a more diversified approach to the blockchain sector. Analysts suggest this move underscores a growing institutional interest in Ethereum’s ecosystem and its underlying utility beyond its role as a store of value. As one of the most influential institutional investors globally, Harvard’s pivot is seen as a significant indicator of evolving sentiment among traditional finance entities toward the broader cryptocurrency market.
Source: Harvard endowment reduces stake in Bitcoin ETF, adds Ether exposure
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