Harvard University has tripled its stake in BlackRock’s iShares Bitcoin Trust (IBIT) to around $443 million, according to its latest 13F filing.
The ivy league’s endowment fund now holds 6.8 million shares in IBIT, which is now its biggest position.
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“It’s super rare/difficult to get an endowment to bite on an ETF- esp a Harvard or Yale, it’s as good a validation as an ETF can get,” noted Bloomberg ETF analyst Eric Balchunas on X.
IBIT remains the world’s largest spot Bitcoin ETF with nearly $75 billion in net assets, reflecting a year of strong demand from institutional investors despite the recent volatility in bitcoin’s price.
