Harvard and Brown Universities Explore Bitcoin Investment Through BlackRock’s ETF
Main Idea
Harvard and Brown Universities are investing in Bitcoin through BlackRock’s iShares Bitcoin Trust, reflecting a growing trend of traditional institutions entering the cryptocurrency market via ETFs.
Key Points
1. Harvard Management Company holds a $116 million position in BlackRock’s iShares Bitcoin Trust.
2. Brown University has increased its investment to $13 million in the same ETF.
3. BlackRock’s Bitcoin Trust is the most successful crypto ETF with $86.3 billion in assets under management.
4. Bitcoin ETFs allow investors to gain exposure to Bitcoin without directly owning the cryptocurrency.
5. The investments highlight a broader trend of traditional institutions entering the digital asset space.
Description
Harvard and Brown universities have recently invested in Bitcoin through BlackRock’s ETFs, reflecting a significant trend among traditional institutions seeking cryptocurrency exposure. Harvard Management Company holds a $116 million position
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