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%.
Forecast Trend Report by Period
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.
