Harvard Endowment Cuts Bitcoin ETFs 21%, Builds $86.8M Ethereum Stake in Q4 FY2025

Harvard Management Company rebalanced the university's $50 billion endowment in Q4 FY2025, cutting Bitcoin ETF exposure by 21% and establishing an $86.8 million position in BlackRock's iShares Ethereum Trust. SEC filings submitted last Friday show HMC held 5.35 million IBIT shares valued at $265.8 million as of December 31 and purchased 3.87 million Ethereum fund shares.