📌 Harvard Cuts Bitcoin, Bets $87M on Ethereum

Harvard Management Company scaled back its Bitcoin ETF holdings by 21% in Q4 2025 while initiating its first investment in an Ethereum focused fund, with combined crypto ETF exposure reaching $352.6 million as of December 31.

Harvard likely made a relative value trade believing ETH is undervalued relative to BTC, while also possibly having a limit on initial exposure it can maintain in digital assets.

Bitcoin remains Harvard's largest single disclosed equity position bigger than Alphabet, Amazon, and Microsoft combined.

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ETH

1,946.6

-2.38%

$BTC $

BTC

66,416.01

-1.72%

BNB

605.61

-1.84%