Harvard Discloses $116 Million Investment In BlackRock’s iShares Bitcoin ETF
Main Idea
Harvard Management Company has invested $116 million in BlackRock's iShares Bitcoin Trust (IBIT), marking one of the largest known Bitcoin allocations by a U.S. university endowment.
Key Points
1. Harvard disclosed holding 1.9 million shares of IBIT, valued at over $116 million, as of June 30.
2. IBIT is a spot Bitcoin ETF with $86 billion in assets under management, approved by the SEC in January 2024.
3. Brown University also increased its position in IBIT, now holding $13 million worth of shares.
4. The State of Michigan Retirement System reported holding $11.4 million worth of the ARK 21Shares Bitcoin ETF at the end of Q2.
Description
Harvard Management Company, the entity resposible for overseesing the university’s $53 billion endowment fund, reported a multimillion-dollar investment in BlackRock’s Bitcoin exchange-traded fund (ETF). In its latest quarterly filing with the U.S. Securities and Exchange Commission (SEC), Harvard disclosed holding 1.9 million shares of the iShares Bitcoin ETF as of June 30. The Bitcoin stake
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