Harvard Boldly Ventures into Bitcoin with $116 Million Investment
Main Idea
Harvard Management Company has invested $116 million in BlackRock's iShares Bitcoin Trust (IBIT) fund, marking a significant entry of a major university endowment into the cryptocurrency market.
Key Points
1. Harvard Management Company disclosed a $116 million investment in BlackRock's iShares Bitcoin Trust (IBIT) in their SEC Form 13-F filing.
2. The investment highlights the growing interest of institutional and university endowment funds in cryptocurrency.
3. Form 13-F filings reveal Harvard's significant stake in the IBIT fund, with potential for more cryptocurrency-related disclosures in the future.
4. The move may signal broader institutional adoption of Bitcoin and other cryptocurrencies, as seen with the inclusion of Bitcoin ETFs in portfolios.
Description
Harvard invested $116 million in BlackRock's iShares Bitcoin Trust. This marks a significant academic venture into the cryptocurrency realm. Continue Reading: Harvard Boldly Ventures into Bitcoin with $116 Million Investment The post Harvard Boldly Ventures into Bitcoin with $116 Million Investment appeared first on COINTURK NEWS .
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