Summary
- It was reported that Harvard University and Brown University have invested in BlackRock’s Bitcoin (BTC) spot ETF 'IBIT.'
- Harvard is said to have the 29th largest holdings among approximately 1,300 institutional holders.
- Although university endowments have traditionally avoided ETF investment, this move is seen as a challenge to that convention.
It has been confirmed that Harvard University and Brown University in the United States have invested in BlackRock’s Bitcoin (BTC) spot ETF 'IBIT.'
On the 9th (local time), Eric Balchunas, a Bloomberg analyst, announced on X that “Harvard University and Brown University have bought BlackRock IBIT. In particular, Harvard currently holds the 29th largest amount among about 1,300 institutions.”
He also said, “While the size of this investment is considerable by ETF market standards, it is negligible compared to Harvard’s total assets. Traditionally, university endowments have followed the 'Yale Model' and have avoided ETFs, but this investment is significant because it challenges that preconception.”
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Today’s Key Economic & Crypto Calendar] Atlanta Fed GDPNow, More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[New York Stock Market Briefing] Rebound on bargain hunting in blue chips…Apple jumps 4%](https://media.bloomingbit.io/PROD/news/3710ded9-1248-489c-ae01-8ba047cfb9a2.webp?w=250)
