The Harvard University Endowment Fund has decided to reduce its investments in cryptocurrency ETFs. The first quarter of 2026 saw some massive declines. The fund exited its entire ETF position. However, it also reduced its stake in the BlackRock-linked BTC ETF by about 43%.
New SEC 13F filings show that Harvard Management Company reduced its holdings in iShares Bitcoin Trust (IBIT). It has voided 3,044,612 shares (worth approximately $117 million) from its holdings. This comes as Harvard has already reduced its position by 21% in the fourth quarter of 2025.
Harvard exits BlackRock ETH ETF
The global cryptocurrency market has seen a decline over the past week. Its cumulative ceiling hovers around $2.6 trillion. The price of Bitcoin has fallen by more than 3% in the past seven days. Ether price It decreased by about 6% during the same period.
The data shows that Harvard is completely out Her attitude In BlackRock’s ETF. It eliminated exposure of approximately $86.8 million. This indicates how some institutional investors continue to reevaluate their allocations to the market.
The 13F filing only shows positions held on the last day of the quarter, but it does not reveal when the trades actually occurred. This suggests that Harvard could have sold its position over several weeks or in a single trade closer to the end of the quarter.
Ethereum ETFs reportedly recorded more than $255 million in weekly net outflows. Ethereum has also continued to underperform Bitcoin on a relative basis. The price of BTC has increased by more than 3% in the past 30 days. On the other hand, the price of ETH fell by 7% in the same period. Bitcoin is trading at $78,378 at press time. Ether fell below the $2,200 level.
Harvard sells, swap buys
The Bitcoin ETF has seen sustained demand despite some periods of outflow. IBIT remains the largest BTC ETF in terms of assets under management. Last week saw $1 billion inflow from Bitcoin ETFs.
While Harvard was reducing its positions, other major institutions moved in the opposite direction. Abu Dhabi sovereign wealth fund Mubadala Investment Company Its holdings have increased IBIT. The fund strengthened its position to reach more than 14,721,917 shares (about $566 million). It is up from about 12.7 million shares announced at the end of 2025.
The Harvard Corporation manages approximately $57 billion in assets. However, it has been subject to leadership transition discussions. NP Narvekar, CEO of Harvard Management Corporation, has reportedly discussed plans to retire later in 2027.
Next round of the SEC filings It is scheduled for August. This will likely provide a clearer picture of whether the Q1 sell-off represents a temporary rebalancing or something else is going on.
