Harvard’s Investment in BlackRock’s Bitcoin ETF Suggests Growing Interest in Crypto Among Major Endowments
Main Idea
Harvard Management Company has invested over $116 million in BlackRock’s Bitcoin ETF, reflecting growing institutional interest in cryptocurrency.
Key Points
1. Harvard holds approximately 1.9 million shares in BlackRock’s Bitcoin ETF, valued at over $116 million.
2. Harvard’s endowment fund is the largest among US universities, valued at $53.2 billion.
3. BlackRock’s Bitcoin ETF has grown to over $86 billion in net assets since its SEC approval in January 2024.
4. Harvard’s investment strategy has included considerations for crypto since 2018.
5. The SEC has increased the number of allowed options contracts for ETFs, including Bitcoin ETFs, potentially boosting demand.
Description
Harvard Management Company has made a multimillion-dollar investment in BlackRock’s Bitcoin ETF, holding approximately 1.9 million shares valued at over $116 million. Harvard’s endowment fund is the largest among US
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