Harvard Management Company, the entity responsible for managing Harvard University’s approximately $50 billion endowment, has disclosed a significant reallocation within its cryptocurrency portfolio. According to a recent regulatory filing, the endowment reduced its holdings in spot Bitcoin exchange-traded funds (ETFs) by 21% over the previous quarter. This reduction in Bitcoin exposure was accompanied by the strategic acquisition of a new position in Ether, valued at approximately $87 million, following the recent approval and launch of spot Ethereum ETFs.
This move signals a pivot toward diversification among major institutional players in the digital asset space. While the reduction in Bitcoin holdings may be interpreted as tactical profit-taking following a period of strong performance, the nearly $90 million entry into Ether suggests a growing institutional appetite for the Ethereum ecosystem and its underlying blockchain technology. Harvard’s move reflects a broader trend where large-scale investors are moving beyond a Bitcoin-only strategy to incorporate a wider range of regulated crypto assets into their long-term investment portfolios.
Source: Harvard trims bitcoin ETF holdings by 21%, builds $87 million ether position
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