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Harvard University Reports $40 Million Loss on Bitcoin ETF Holdings

The institution’s iShares Bitcoin Trust ETF stake dropped 14% this quarter amid a wider 20% decline in Bitcoin prices.

BTC

Summary

Harvard University disclosed a $40 million loss from its Bitcoin ETF holdings after cryptocurrency prices fell over 20% this quarter. The university’s position in the iShares Bitcoin Trust ETF, once valued near $500 million, is now worth about $255 million based on a July purchase, representing a decline of 14%.

Terms & Concepts
  • Bitcoin ETF: An exchange-traded fund that tracks the price of Bitcoin, enabling investors to gain exposure without directly holding the cryptocurrency.
  • iShares Bitcoin Trust ETF: A Bitcoin-focused exchange-traded fund managed by BlackRock, allowing institutional and retail investors to invest in Bitcoin through traditional markets.