Harvard Management Company, the entity responsible for managing the university’s $ 53 billion endowment fund, said a several million dollars investment in the BlackRock (ETF) Bitcoin Fund.
In a Friday file with the US Securities and Exchange Commission (SEC), Harvard revealed by holding around 1.9 million shares from Ishares Bitcoin ETF (BTC) on June 30. The BTC Exposure was estimated at more than $ 116 million, making it the fifth investment of the fund for the Microsoft period, Amazon, travel technology and meta meta.
Harvard said his endowment fund was $ 53.2 billion on June 30, 2024, making it the largest among American universities, before Yale, Stanford and Princeton.
“The endowment and its asset allocation are created (sic) to anticipate that you will have volatile periods,” said Robert Kaplan, professor of Martin Marshall management in business administration, in a 2017 video explaining the endowment.
https://www.youtube.com/watch?v=alc2u0ynfca
Although the endowment seemed to focus mainly on the investments of technological companies in 2025, Harvard would have planned to buy cryptographic funds from 2018. Emory University became one of the first important American allocations to report the exposure to digital assets in 2024, buying 2.7 million shares from the Grayscale Bitcoin trust Dollars at the time.
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SEC Approval of the University’s adoption
The SEC approved the registration and trading of the BlackRock BTC ETF and 10 other funds in January 2024. The fund grew up for more than $ 86 billion in net assets on Thursday, according to BlackRock data.
On Tuesday, the SEC said that it would increase the number of options for options authorized to 250,000, going from 25,000 “for all ETFs with options”, which would include FNB Ishares Bitcoin. Some expect this decision to increase demand for the cryptographic investment vehicle.
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