Harvard endowment cuts BTC ETF holdings by 21% in Q4, adds $87M in ETH ETFs

Harvard Management Company (HMC), the investment arm of Harvard University, reduced its spot Bitcoin ETF holdings by 21% in the fourth quarter of last year compared to the previous quarter, while newly acquiring $86.8 million in Ethereum (ETH) ETFs. HMC holds BlackRock's IBIT and ETHA ETFs. Its combined holdings in the two funds total $352.6 million, with IBIT accounting for the largest portion at approximately $265.8 million.