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Harvard Cuts Bitcoin ETF Stake, Opens $86.8 Million Position in Ethereum
Harvard Management Company reduced its holdings in BlackRock’s iShares Bitcoin Trust during the fourth quarter while opening a new $86.8 million position in the iShares Ethereum Trust, according to a 13F filing with the U.S. Securities and Exchange Commission. The endowment reported holding 5.35 million shares of the iShares Bitcoin Trust as of Dec. 31, valued at $265.8 million. That represents a reduction of 1.48 million shares from the prior quarter, when Harvard disclosed 6.81 million shares worth $442.8 million. At the same time, Harvard acquired 3.87 million shares of the iShares Ethereum Trust, establishing ... (full story)
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