August 9, 2025
5 min read
Kyle Baird
Harvard University’s endowment has revealed a significant investment in Bitcoin, acquiring a $116.7 million position in BlackRock’s iShares Bitcoin Trust (IBIT). This move grants Harvard greater exposure to the leading cryptocurrency than its holdings in tech giants like Nvidia and Alphabet. The purchase of 1.9 million IBIT shares occurred in the second quarter, according to a recent filing with the US Securities and Exchange Commission.
Since their approval in early 2024, spot Bitcoin ETFs have attracted over $54 billion in net inflows, with IBIT leading the pack and establishing itself as one of the fastest-growing ETFs in history. Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, noted that Harvard is now the 29th-largest holder of IBIT among approximately 1,300 investors. Balchunas highlighted the rarity of endowments investing in ETFs, calling Harvard's acquisition "sizable" in ETF terms, though a small portion relative to Harvard's substantial $53.2 billion endowment.
Harvard's peer, Brown University, also disclosed holdings in IBIT, acquiring over 212,500 shares valued at more than $13 million, nearly doubling its position from March. While Harvard's direct public equity holdings represent a small fraction of its overall portfolio, this Bitcoin ETF investment signifies a notable shift towards alternative assets. In the same quarter, Harvard also disclosed a stake exceeding $100 million in the SPDR Gold Trust, while simultaneously reducing its positions in several major tech stocks.
Current Market Snapshot:
- Bitcoin is trading at $117,300, up 0.6% in the last 24 hours.
- Ethereum has seen a larger gain, up 7.7% to $4,195 in the same period.
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Source: Originally published at DL News on 9 August 2025.