Harvard Endowment Reduces Stake in Bitcoin ETF, Adds Ether Exposure

The Harvard Management Company, which manages the eponymous university’s endowment, has reduced its stake in BlackRock’s spot Bitcoin exchange-traded fund and opened a new position in the asset management company’s Ether ETF.

In a Friday filing with the US Securities and Exchange Commission, Harvard’s endowment reported that it had reduced its position in the BlackRock iShares Bitcoin (BTC) Trust ETF to $265.8 million as of Dec. 31 from $442.9 million in Q3 2025. The investments marked the…