Harvard Reduces Q4 Bitcoin ETF Holdings by 21%, Adds $86 Million to Ethereum ETF Position

BlockBeats News, February 16, according to a disclosure filed with the SEC, Harvard Management Company reduced its Bitcoin ETF holdings by about 21% in the fourth quarter of 2025, while simultaneously establishing an Ethereum ETF position for the first time.

The filing shows that as of December 31, Harvard held 5.35 million shares of the iShares Bitcoin Trust, with a market value of about $265.8 million, a decrease of approximately 1.48 million shares from the previous quarter (previously holding 6.81 million shares, with a market value of about $442.8 million).

At the same time, Harvard initiated a position in 3.87 million shares of the iShares Ethereum Trust, with a position size of about $86.8 million, marking its first disclosed Ethereum ETF investment.
Overall, Harvard's current combined exposure to Bitcoin and Ethereum is approximately $352.6 million. Despite the reduction, Bitcoin remains Harvard's largest disclosed single-stock asset holding, surpassing individual stocks such as Alphabet, Microsoft, and Amazon.

This adjustment comes against the backdrop of significant volatility in the crypto market. In the fourth quarter of 2025, Bitcoin fell from a high of around $126,000 to $88,429 at the end of the year, a drop of about 28% for Ethereum during the same period. Currently, the two are fluctuating around $68,600 and $1,900, respectively.