Bitcoin Updates: Bitcoin Drops, Harvard's $364 Million ETF Investment Shows Institutional Commitment
- Harvard University increased its BlackRock IBIT Bitcoin ETF stake by 257% to $364.4M, becoming a top institutional holder. - The $50B endowment also doubled gold ETF holdings, treating both assets as inflation hedges amid macroeconomic uncertainty. - Emory and Abu Dhabi's Al Warda similarly boosted crypto-linked ETFs, signaling institutional confidence in regulated digital assets. - Analysts highlight Harvard's ETF adoption as rare validation, with U.S. spot Bitcoin ETFs attracting $60.8B in inflows sinc
Harvard University has notably increased its investment in
The Ivy League endowment, with assets totaling $50 billion, has also
The broader market context further emphasizes the rise in institutional participation. Since their approval in January 2024, U.S. spot Bitcoin ETFs have seen $60.8 billion in net inflows, with BlackRock’s IBIT
Other major investors are making similar moves. Emory University raised its holdings in the Grayscale Bitcoin Mini Trust (BTC) by 91% to $42.9 million, while Al Warda Investments from Abu Dhabi nearly tripled its IBIT investment to $517.6 million
Even though Bitcoin recently hit a six-month low below $96,000, the long-term outlook for institutional involvement remains strong. Harvard’s preference for Bitcoin ETFs over direct cryptocurrency ownership
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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