2 weeks ago
Harvard Management Company, which oversees the university’s $50 cardinal endowment, disclosed a $116 cardinal presumption successful BlackRock’s iShares Bitcoin Trust (IBIT) successful its latest quarterly filing with the U.S. Securities and Exchange Commission (SEC).
The stake, reported successful a Form 13-F connected Friday covering holdings arsenic of June 30, 2025, represents 1 of the largest known bitcoin allocations by a U.S. assemblage endowment. IBIT, launched successful January of past year, is simply a spot bitcoin exchange-traded money that allows investors to summation vulnerability to the cryptocurrency without straight holding it.
The presumption places the assemblage among a increasing cohort of organization investors — from hedge funds to pension systems — adding regulated bitcoin products to their portfolios.
The disclosure comes arsenic full assets crossed U.S. spot bitcoin ETFs person climbed into the tens of billions of dollars, driven by some retail inflows and large-scale organization allocations. For endowments, the ETF operation offers regular liquidity and SEC oversight, which tin assistance conscionable governance and compliance requirements for alternate investments.
Harvard didn't supply further remark connected the filing.
Read more: U.S. Endowments Are Leaning Into Crypto: FT
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