Harvard Management Company Discloses $116 Million Investment in Bitcoin ETF
Harvard Management Company reported a $116 million investment in BlackRock's iShares Bitcoin Trust (IBIT) in its latest SEC filing, covering holdings as of June 30, 2025. This investment marks one of the largest bitcoin allocations by a U.S. university endowment.
Key points:
- IBIT is a spot bitcoin ETF launched in January 2024, enabling investors to gain cryptocurrency exposure without direct ownership.
- Harvard joins a trend of institutional investors, including hedge funds and pension systems, investing in regulated bitcoin products.
- Total assets in U.S. spot bitcoin ETFs have significantly increased, driven by retail and institutional investments.
- The ETF structure provides daily liquidity and SEC oversight, aiding governance and compliance for endowments.
Harvard did not comment further on the filing.