Harvard University Triples Investment In BlackRock’s Bitcoin ETF

Harvard University has sharply increased its exposure to Bitcoin, tripling its stake in BlackRock’s iShares Bitcoin Trust during the third quarter.

According to a new regulatory filing, Harvard Management Company now holds over 6.8 million IBIT shares worth $442.8 million as of Sept. 30, up from its initial 1.9 million-share position in August.

Bloomberg analyst Eric Balchunas said endowments rarely invest in ETFs, calling Harvard’s move a major validation for Bitcoin ETFs.

Despite the surge, the investment still represents only around 1% of Harvard’s $57 billion endowment.

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