 ▲ Harvard University, Bitcoin (BTC), Ethereum (ETH), ETF/ChatGPT-generated image |
Harvard University’s endowment manager has signaled a major shift in its digital asset investment strategy, reducing its exposure to Bitcoin (BTC) and reallocating the weight of its portfolio toward a spot Ethereum (ETH) ETF.
According to cryptocurrency-focused media outlet CoinGape on February 16 (local time), Harvard Management Company (HMC), which oversees the university’s endowment, recently disclosed that it sold 1.48 million shares of BlackRock’s spot Bitcoin ETF, IBIT. The sale represents 21% of its previous holdings and effectively cut its Bitcoin exposure nearly in half to approximately $265.8 million as of the fourth quarter of 2025.
While reducing its Bitcoin position, HMC simultaneously made a new $86.8 million investment in BlackRock’s spot Ethereum ETF, ETHA. This move aligns with a broader trend among institutional investors who are increasingly focusing on Ethereum’s growth potential within the digital asset market. As of the end of last year, Harvard Management Company’s total digital asset portfolio was valued at $352.6 million.
The spot Ethereum ETF market has recently shown mixed performance. This week, spot Ethereum ETFs recorded net outflows totaling $161 million, with $113 million exiting ETHA, the fund invested in by Harvard. In contrast, Grayscale’s Ethereum Mini Trust (ETH) saw inflows of $49.9 million. The net asset value of spot Ethereum ETFs currently stands at approximately $11.72.
Ethereum’s price outlook hinges on whether it can secure key support levels. The Moving Average Convergence Divergence (MACD) indicator is currently signaling bearish momentum, and a breakdown below the $1,900 level could open the way for further declines toward $1,800. Conversely, a successful breakout above the $2,100 resistance level could trigger a rebound rally targeting $2,200.
Harvard University’s portfolio rebalancing symbolically reflects a broader institutional shift toward diversifying digital asset holdings beyond a Bitcoin-centric approach. Amid ongoing market volatility, whether Ethereum can defend major support levels and continue attracting institutional capital is expected to be a key factor in determining its future price direction.
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