The Harvard Administration Firm, which manages the eponymous college’s endowment, has diminished its stake in BlackRock’s spot Bitcoin exchange-traded fund and opened a brand new place within the asset administration firm’s Ether ETF.
In a Friday submitting with the US Securities and Trade Fee, Harvard’s endowment reported that it had diminished its place within the BlackRock iShares Bitcoin (BTC) Belief ETF to $265.8 million as of Dec. 31 from $442.9 million in Q3 2025. The investments marked the corporate offloading greater than 3 million shares of the ETF, to five.4 million in This autumn from 6.8 million in Q3.
Along with the 21% discount in its Bitcoin place, the Harvard Administration Firm reported a brand new funding with publicity to Ether (ETH). In accordance with the SEC submitting, the endowment bought greater than 3.8 million shares of BlackRock’s iShares Ethereum Belief, valued at about $87 million as of Dec. 31.
The portfolio managers’ selections occurred throughout a interval of serious worth volatility for Bitcoin and different cryptocurrencies. The value of BTC dropped to lower than $90,000 by January 2026 from greater than $120,000 originally of July 2025, whereas Ether dropped to underneath $3,000 from greater than $4,000 in the identical interval.
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As of June 30, 2025, Harvard reported that its endowment stood at $56.9 billion, making its investments within the BlackRock crypto ETFs 0.62% of the entire belongings underneath administration. The corporate equally elevated its place in Google’s mother or father Alphabet by virtually $100 million, whereas decreasing its stake in Amazon by about $80 million in This autumn 2025.
AI hedge fund backed by “high college endowments”
Harvard’s strikes come as Numerai, an AI hedge fund, reported in November that it had raised $30 million in a funding spherical led by “high college endowments,” which the AI hedge fund described as “the neatest, most long-term allocators on the planet,” with out figuring out particular endowments. Nonetheless, the announcement pushed the value of its native NMR token up by greater than 40%.
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