Harvard Administration Firm (HMC), which manages Harvard College’s endowment fund within the US, has adjusted its digital asset portfolio by lowering its holdings in Bitcoin (BTC) exchange-traded funds (ETFs) to incorporate publicity to Ethereum’s cryptocurrency, Ether (ETH), for the primary time.
This portfolio reorganization was introduced final Friday by way of a Type 13F filed with the Securities and Alternate Fee (SEC) on February thirteenth. This can be a required quarterly submitting for institutional buyers managing $100 million or extra in belongings.
The report states that on the finish of December 31, American universities There was a complete publicity of $352 million. Each in monetary merchandise based mostly on digital belongings.
Let’s be clear that within the SEC’s official 13F report, the “VALUE (x$1000)” column means the quantity is in 1000’s of {dollars}. However in summaries, tables, or photos just like the one you see right here, the numbers are already expanded to full greenback values. “(x$1000)” stays as a label in its unique type, however there is no such thing as a have to multiply it with something additional. The quantity proven is the ultimate quantity in USD.
Along with Bitcoin and Ether ETFs, Harvard additionally invests in shares of assorted massive corporations. Probably the most notable positions on the finish of the quarter included Alphabet (Google, $253 million), Microsoft ($237 million), Reserving Holdings ($180 million), Amazon ($157 million), Broadcom ($111 million), and SPDR Gold Shares (gold ETF, $248 million).
Particularly, Harvard College owned 5.35 million shares of iShares Bitcoin Belief (IBIT), which is managed by BlackRock. Place valued at $265 million at year-end. This determine represents a lower of 1.48 million shares from the earlier quarter, when the corporate reportedly held 6.81 million shares, valued at $442.8 million.
This transfer represents a 21% lower within the variety of Bitcoin ETF shares in comparison with the earlier interval.
Similtaneously the sale, the college opened a brand new $86 million place within the iShares Ethereum Belief (ETHA), additionally managed by BlackRock. Over the past reported quarter, The establishment acquired a complete of three.87 million shares of this fund associated to the digital foreign money Ether.As acknowledged within the official doc.
This partial capital rotation occurred in a context of excessive market volatility, with BTC reaching an all-time excessive of $126,000 in October 2025 earlier than falling to $88,429 as of December 31, whereas ETH skilled an almost 28% decline over the identical interval.
Regardless of promoting a few of its shares, BlackRock Bitcoin ETF stays the biggest Harvard College inventory It was launched in late December and grossed $265.8 million. The college has been investing in a Bitcoin ETF managed by BlackRock because the second quarter of 2025, when it initiated a place with $117 million in shares.
The college’s actions mirror the maturation of its funding car, which will probably be launched in 2024, in keeping with a report by CriptoNoticias. These have enabled massive establishments to handle their publicity to crypto belongings.
Presently, the whole web belongings of Bitcoin ETFs are $87.04 billion, representing 6.33% of the asset’s market capitalization, whereas the whole web belongings of Ether funds are $11.72 billion, accounting for 4.75% of the Ether market.
