Harvard Boosts Bitcoin ETF Holdings to $442.8 Million

Harvard Boosts Bitcoin ETF Holdings to $442.8 Million

Harvard’s IBIT stake surged by 257% in Q3 2024, reinforcing institutional confidence in crypto and potentially accelerating mainstream digital asset adoption.

BTC

Fact Check
The assessment is primarily based on a single, highly relevant, and authoritative source. The Yahoo Finance news report directly corroborates the core of the claim, stating that Harvard University has disclosed holdings in Bitcoin ETFs. Crucially, this report cites a Form 13F filing as its source, which is an official quarterly report required by the U.S. Securities and Exchange Commission for institutional investment managers. This lends significant credibility to the information. The other four provided sources are entirely irrelevant to the subject of Harvard's investments or Bitcoin ETFs, and therefore neither support nor contradict the claim. While the provided summary does not confirm the exact value of $442.8 million, it strongly supports the fundamental assertion that Harvard holds these assets. The absence of any conflicting evidence, combined with the strength of the single supporting source citing an official filing, makes the statement very likely to be true.
Summary

Harvard University increased its holdings in BlackRock’s iShares Bitcoin Trust to $442.8 million as of September 30, 2024, a 257% rise from June 2024. This substantial expansion underscores growing institutional trust in cryptocurrencies. The data, from Harvard’s latest SEC 13F filing, also shows significant growth in gold ETF holdings, reinforcing a broader diversification strategy toward alternative assets.

Terms & Concepts
  • Bitcoin ETF: An exchange-traded fund that tracks Bitcoin prices, allowing investors to gain exposure without directly holding the cryptocurrency.
  • iShares Bitcoin Trust (IBIT): A BlackRock-managed Bitcoin ETF offering institutional and retail investors exposure to Bitcoin without direct ownership.
Articles4
Tweets23