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Harvard Management Cuts BlackRock Bitcoin ETF Holding 43%, Exits Ethereum ETF

A latest 13F filing with the U.S. Securities and Exchange Commission (U.S. markets regulator), cited by Fortune, shows the $57 billion endowment manager reduced its IBIT position and sold its ETHA stake in Q1 2026.

Summary

Harvard Management, which oversees about $57 billion, reduced its holding in BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust, by 43% in the first quarter of 2026, leaving a position worth about $117 million. According to Fortune and the latest 13F filing with the U.S. Securities and Exchange Commission (U.S. markets regulator), the firm also fully exited BlackRock’s spot Ethereum ETF, iShares Ethereum Trust, a stake valued at about $86.8 million. A 13F filing is a quarterly disclosure that shows certain U.S.-listed equity holdings of large institutional investment managers, making it a common way to track changes in crypto ETF exposure among traditional financial firms.

Terms & Concepts
  • 13F filing: A quarterly holdings report submitted to the U.S. Securities and Exchange Commission (U.S. markets regulator) by large institutional investment managers.
  • Spot Bitcoin ETF: An exchange-traded fund that aims to track Bitcoin’s market price directly rather than using futures contracts.
  • Spot Ethereum ETF: An exchange-traded fund designed to reflect Ethereum’s market price, giving investors exposure without directly holding the token.