Harvard Halts Bitcoin ETF Sell-Off, Maintains $101M Stake

Harvard Management Company has put its Bitcoin ETF sell-off on hold, maintaining a significant stake in BlackRock's iShares Bitcoin Trust. The company owns 3.04 million shares valued at $101.4 million as of Q2, after cutting its holdings by over 60% in the previous two quarters.

This move comes amid mixed signals from other institutional investors. Abu Dhabi funds have kept their exposure steady, while JPMorgan has increased its Bitcoin ETF holdings and Morgan Stanley trimmed theirs.

The decision to pause further reductions may suggest that Harvard is confident about the long-term prospects of Bitcoin or is waiting for a more favorable market environment to sell.