Harvard Cuts Bitcoin ETF Stake by 21%, Allocates $86.8M to Ethereum Trust
Harvard Management reduced its iShares Bitcoin Trust ETF stake by 21% in Q4 to 5,353,612 shares valued at $265.8M and initiated 3,873,044 iShares Ethereum Trust shares worth $86.8M, taking total crypto ETF exposure to $352.6M. This reallocation indicates a strategic shift toward Ethereum’s smart-contract ecosystem.
1. Harvard Reduces Bitcoin ETF Stake
Harvard Management Company trimmed its position in the iShares Bitcoin Trust ETF from 6,813,612 shares at the end of Q3 to 5,353,612 shares by December 31, representing a 21% reduction and marking a $265.8 million market value for the holding at year-end.
2. Initiates Ethereum ETF Position
For the first time, Harvard disclosed a position in the iShares Ethereum Trust ETF, acquiring 3,873,044 shares valued at approximately $86.8 million at quarter-end, signaling the endowment’s entry into Ethereum exposure.
3. Combined Crypto Exposure and Strategy Shift
The combined spot crypto ETF holdings totaled $352.6 million, suggesting Harvard is diversifying its digital asset allocation and potentially executing a relative value trade favoring Ethereum’s broader smart-contract use cases alongside Bitcoin’s store-of-value role.