📊 Harvard Adds $ETH Exposure in Major Crypto Rebalance
Harvard trims $BTC Bitcoin, buys into Ethereum ETF
In the fourth quarter of 2025, Harvard Management Company (HMC) — the investment arm managing Harvard University’s $57 billion endowment — significantly adjusted its cryptocurrency exposure. According to recent filings, Harvard reduced its Bitcoin ETF holdings by about 21%, trimming roughly 1.5 million shares of the BlackRock iShares Bitcoin Trust, while still keeping Bitcoin as one of its largest disclosed positions. Simultaneously, HMC initiated a new position in the BlackRock iShares Ethereum Trust (ETHA), acquiring nearly 3.9 million shares valued at about $86.8 million — marking the endowment’s first publicly disclosed investment tied to Ethereum. 
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This move signals a strategic rebalance rather than an outright shift away from Bitcoin, introducing broader crypto diversification that includes both major layer-1 networks. It reflects growing institutional interest in Ethereum as a complement to Bitcoin, potentially driven by evolving views on utility and long-term value within the digital-asset space.
Harvard University’s endowment fund has reportedly added exposure to Ethereum, marking another strong signal of institutional confidence in digital assets. By expanding beyond Bitcoin and incorporating ETH-related products, Harvard appears to be positioning itself for long-term growth in the evolving blockchain ecosystem.
Ethereum’s role in decentralized finance (DeFi), tokenization, and smart contracts makes it a strategic asset for institutions seeking broader crypto exposure. This move suggests large funds are no longer viewing crypto as speculative only — but as part of a diversified, forward-looking portfolio strategy.