When one of the world's wealthiest universities makes an apparently sudden and unexpected reshuffle of its crypto holdings, it tends to make a splash. On that note, Harvard's endowment fully liquidated its $87 million Ethereum exchange-traded fund (ETF) position in the first quarter of this year, and slashed its stake in its Bitcoin vehicle, the iShares Bitcoin Trust, by 43%. The Ethereum holding only lasted a single quarter. But before you start to second-guess your own Bitcoin or Ethereum positions based on this, it's worth understanding whose playbook Harvard is running, so let's dive in. The most important ... (full story)