In a strategic shift within the institutional crypto landscape, Harvard University’s endowment fund has reportedly rebalanced its digital asset portfolio by selling a portion of its Bitcoin holdings to increase its position in Ethereum. Market analysts suggest that this move reflects a growing institutional interest in the utility of the Ethereum blockchain, particularly regarding its dominance in decentralized finance (DeFi) and smart contract applications. While the university has historically maintained a conservative approach to alternative assets, this pivot underscores a broader trend of diversifying beyond Bitcoin into programmable blockchain protocols. The transaction details remain confidential, but the shift has sparked discussions regarding the evolving value proposition of Ethereum relative to Bitcoin among major academic and institutional investors.
Source: Morning Minute: Harvard Sells Bitcoin for Ethereum
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