Harvard Holds Steady on BlackRock Bitcoin ETF Stake

Harvard University's endowment has maintained its stake in BlackRock's bitcoin ETF at $101 million for the second quarter, following a 43% reduction in the prior quarter. This decision is notable as it follows a sharp cut in bitcoin exposure, but leaves the position intact for now.

The university's holdings in the BlackRock spot bitcoin ETF were valued at approximately $101 million as of the reporting period. The endowment did not adjust its position further despite the earlier reduction, suggesting that Harvard may have settled into a smaller but stable allocation in bitcoin.

BlackRock's spot bitcoin ETF has become one of the primary vehicles for institutions to gain bitcoin exposure without holding the asset directly. This structure avoids the custody and operational complexities associated with owning bitcoin on-chain.