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Harvard Reveals Strategic Move in Bitcoin and Ethereum ETFs

Harvard Management Company trimmed its Bitcoin ETF holdings and opened a multi‑million dollar Ethereum ETF position in Q4 2025.

Feb 17, 20267:27 AMNewsroom AI

Harvard Management Company reduced its Bitcoin ETF exposure in Q4 2025, trimming its IBIT position by roughly 21% — a reduction of about 1.5 million shares — according to filings and reporting on the quarter's activity [3][4].

Simultaneously, HMC initiated an Ethereum ETF holding, purchasing nearly 4 million ETHA shares valued at approximately $86.8–$87 million, marking the firm's first reported exposure to Ethereum ETFs [3][2].

Reports noted these reallocations came amid falling crypto prices during the period covered: one report cited Bitcoin declining from around $126,000 to $88,429 and Ethereum losing roughly 28% of its value over the quarter [3].

Public filings and media coverage portray the moves as a rebalancing of Harvard's crypto allocations in Q4 2025, with lower Bitcoin exposure and new Ethereum exposure rather than a full exit from digital‑asset ETFs [1][3][4].

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