Harvard Management Company sold more than 20% of its holdings in a bitcoin ETF and acquired exposure to an Ethereum-based ETF.

Portfolio moves

The university’s manager divested part of its bitcoin-ETF position while making a first-time investment into an exchange-traded product linked to Ethereum.

For the new allocation, the fund invested $86.8 mln into the Ethereum-based ETF, marking its initial exposure to that product type.

Position significance

Despite the partial sale, the bitcoin trust remains the largest public asset in Harvard’s portfolio by market value among disclosed holdings.

That bitcoin position still exceeds the fund’s stakes in major technology companies including Alphabet, Microsoft, and Amazon.

Aggregate crypto holdings

The total valuation of crypto assets under management at the fund amounts to $352.6 mln, reflecting both the reduced bitcoin stake and the new Ethereum allocation.

These changes adjust the portfolio’s public-asset mix while maintaining significant cryptocurrency exposure through exchange-traded products.