Harvard shakes up its crypto strategy by selling Bitcoin and purchasing Ethereum
3 days ago
- #crypto-investments
- #Harvard-endowment
- #Bitcoin-ETF
- Harvard purchased $87 million in BlackRock’s iShares Ethereum Trust (ETHA).
- Harvard sold 21% of its holdings in the iShares Bitcoin Trust (IBIT), worth around $72 million.
- The university still has over $350 million invested in crypto ETFs, less than 1% of its $57 billion endowment.
- Bitcoin and Ethereum prices have dropped significantly from their all-time highs.
- Other elite universities like Dartmouth, Brown, and Emory also invest in crypto ETFs.