Harvard Endowment Adds Ethereum Exposure as Bitcoin ETF Holdings Trimmed
Harvard University’s endowment — managed by the Harvard Management Company (HMC) — has trimmed its Bitcoin ETF holdings by about 21 % and opened its first publicly disclosed Ethereum ETF position, according to the latest SEC 13F filing. In Q4 2025, HMC reduced its stake in BlackRock’s iShares Bitcoin Trust (IBIT) to roughly 5.35 million shares (~$265.8 m) and simultaneously purchased about 3.87 million shares (~$86.8 m) of the iShares Ethereum Trust (ETHA).
The move marks Harvard’s first reported allocation to an Ether-linked ETF, expanding its digital asset exposure beyond Bitcoin and reflecting a diversification strategy amid volatile crypto markets. Even after the rebalancing, Bitcoin ETFs remain among the endowment’s largest publicly disclosed holdings, underscoring that major institutions still view regulated crypto products as part of long-term portfolios.
Market Takeaway: Harvard’s ETH entry — especially during a market drawdown — may signal institutional confidence in Ethereum’s growth story and diversified crypto strategies as regulated products gain traction.