Harvard Reveals $116 Million Investment in BlackRock Bitcoin ETF

Key Points

1. Harvard Management Company holds a $116 million position in BlackRock's iShares Bitcoin Trust.

2. Brown University increased its investment in BlackRock's Bitcoin ETF to $13 million.

3. BlackRock’s IBIT is the most successful crypto ETF, with $86.3 billion in assets under management.

4. Crypto ETFs like IBIT allow institutional investors to gain exposure to Bitcoin without directly storing the digital coin.

5. Other major institutions, pension funds, and U.S. states have also invested in Bitcoin via ETFs following their approval in January 2024.