Harvard Halts Bitcoin ETF Sales, Keeps $101.4 Million IBIT Stake in Second Quarter

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Harvard University's endowment halted two straight quarters of selling in spot-Bitcoin exchange-traded funds, keeping its holdings unchanged in the second quarter.

A recent Form 13F filing with the US Securities and Exchange Commission showed Harvard Management Co., which oversees the university's endowment, held 3,044,612 shares of BlackRock's iShares Bitcoin Trust (IBIT) as of the end of June. The stake was worth about $101.4 million.

The share count was unchanged from the end of March. Harvard had cut its IBIT position from 6,813,612 shares at the end of last year's third quarter to 5,353,612 shares in the fourth quarter, then reduced it again to 3,044,612 shares in the first quarter. It made no further sales in the second quarter.