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#CryptoMarketDrops150KLiquidated
Rebalancing Portfolio, Harvard Drops All Ethereum ETFs and Cuts Bitcoin ETF Holdings
Harvard University took a surprising step by completely restructuring its digital asset portfolio in the first quarter of 2026. Based on the latest 13F document released by the SEC on Saturday (May 16), the university's endowment fund was reported to have fully exited its position in BlackRock's spot Ethereum ETF worth $86.8 million. Meanwhile, their investment in the Ethereum product had only been opened in the previous quarter.
Not only did they ditch Ethereum, Harvard was also observed to have cut their holdings in BlackRock's iShares Bitcoin Trust (IBIT) by 43%. Harvard's IBIT shareholdings now amount to 3.04 million shares with an estimated value of around $117 million, after previously trimming 21% at the end of 2025. This sell-off caused the crypto instrument to be removed from Harvard's list of largest disclosed assets, replaced by technology stocks such as Taiwan Semiconductor (TSMC), Alphabet, and Microsoft.
This retreat by Harvard's management reflects a thorough reassessment of operational risks and crypto instrument volatility. Amid the market price correction in the first quarter, this rebalancing move signals that academic institutional enthusiasm for crypto ETF products is beginning to wane.