Summary
- Harvard University's endowment reportedly bought BlackRock's Bitcoin (BTC) spot ETF 'IBIT' in the largest amount in the third quarter.
- IBIT became Harvard's largest holding according to the 13F report, and it also had the largest asset increase in the third quarter.
- Harvard's IBIT holdings amount to $443 million, which is about 1% of the total endowment and corresponds to 16th place among institutional holders.
Harvard University's endowment purchased BlackRock's spot Bitcoin (BTC) ETF 'IBIT' in the third quarter as its largest purchase, making it the fund's largest holding based on the 13F report.
On the 15th (local time), Eric Balchunas, a Bloomberg ETF analyst, said on X, "IBIT has now become Harvard's largest holding on the 13F," adding, "the asset that increased the most during the third quarter."
He said, "It is very rare for large university endowments like Harvard or Yale to invest directly in ETFs, and this is the best validation case an ETF can receive."
Harvard's IBIT holdings are reported to be valued at about $443 million. This is only about 1% of the total endowment, but it is a meaningful amount, ranking 16th among institutional holders.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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