Harvard, the world’s top elite university, cuts Bitcoin and makes its first investment in Ethereum
Uk Jin
Summary
- Harvard University was reported to have reduced its investment in Bitcoin (BTC) while investing in Ethereum (ETH).
- Harvard Management Company (HMC) said it purchased 3.9 million shares of BlackRock’s spot Ethereum exchange-traded fund (ETF) “ETHA.”
- HMC was reported to have sold 1.5 million shares of BlackRock’s spot Bitcoin ETF “IBIT,” reducing its holdings by 21%.
Harvard University, widely regarded as the world’s leading elite institution, has reduced its investment in Bitcoin (BTC) while increasing exposure to Ethereum (ETH).
On the 17th (Korea time), cryptocurrency-focused outlet CoinDesk reported that Harvard Management Company (HMC), which manages Harvard’s endowment, bought 3.9 million shares of BlackRock’s spot Ethereum exchange-traded fund (ETF), “ETHA,” in the fourth quarter of last year. This marks HMC’s first purchase of an Ethereum-related product.
Meanwhile, over the same period, HMC sold 1.5 million shares of BlackRock’s spot Bitcoin ETF, “IBIT,” cutting its holdings by 21%.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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