Harvard reveals $ 116 million investment in BlackRock Bitcoin ETF

Top universities Harvard and Brown are the latest settings to purchase exposure BitcoinAccording to legal archives.

The Harvard Management Company, a complete subsidiary of the university, has a function of $ 116 million in BlackRock’s Ishares Bitcoin Trust, a 13F form submitted to the appearance of the Securities and Exchange Commission.

The Brown University – which was first exposed to Bitcoin in May – which was first exposed to Bitcoin – has its position in BlackRock’s ETF and now has $ 13 million in shares, a similar submission.

Neither Brown nor Harvard responded immediately DecryptThe request for comments.

The archives are the latest examples of traditional institutions that are looking for exposure to the largest cryptocurrency per market capitalization.

Crypto ETFs such as BlackRock’s Bitcoin Trust – who acts as IBIT – suggests investors to buy exposure to the leading cryptocurrency without having the digital currency directly and storing.

BlackRock’s IBIT is the most successful crypto ETF: the fund has received more cash than any other crypto ETF and currently has $ 86.3 billion in assets.

Other major institutions have purchased exposure to Bitcoin, once active a mysterious and obscure, since January 2024 approval of the ETFs.

A stream of capital has entered the crypto space since the funds started acting, with investors who are previously too intimidated by things such as storing digital coins in crypto portfolios that can now easily buy a position.

In the past year, pension funds and US states have all purchased exposure to Bitcoin through the ETFs, together with more traditional investments such as technical shares and other US shares.