Harvard University trimmed its spot Bitcoin (CRYPTO: BTC) exchange-traded position by nearly 50% and liquidated its Ethereum (CRYPTO: ETH) holdings in the first quarter, according to its latest 13F filing released Friday.
IBIT No Longer Harvard’s Largest Position
Harvard Management Company, a wholly owned subsidiary of Harvard University that manages its financial assets, reported holding 3.04 million shares of the iShares Bitcoin Trust ETF (NASDAQ:IBIT) as of March 31, down from 5.35 million in the previous quarter.
The stake was worth $116.97 million based on IBIT’s price of $38.42 on March 31.
Once Harvard's top position, IBIT dropped to tenth place following sell-offs and now represents 6.44% of the portfolio. Harvard bought the ETF first during the second quarter of 2025.
Harvard Dumps Ethereum ETF
Additionally, Harvard dumped the entirety of its iShares Ethereum Trust ETF (NASDAQ:ETHA) holdings, an asset it only began buying in the fourth quarter of 2025.
The two ETFs faced steep sell-offs in the first quarter, compounded by the broader cryptocurrency market slump.
| ETF | Q1 Gains +/- |
|---|---|
| iShares Bitcoin Trust ETF | -22.17% |
| iShares Ethereum Trust ETF |
-29.42% |
Price Action: Shares of IBIT closed 2.92% lower at $44.82 during Friday's regular trading session, according to data from Benzinga Pro. ETHA ETF shares traded down 3.46% at $16.76.
Benzinga’s Edge Stock Rankings show IBIT ETF trailing in long-term price performance, with Momentum metrics signaling weakness.
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