BlockBeats news: On February 16, according to SEC filing documents, Harvard Management Company reduced its Bitcoin ETF position by approximately 21% in the fourth quarter of 2025 and established its first Ethereum ETF position.
Documents show that as of December 31, Harvard held 5.35 million shares of the iShares Bitcoin Trust, with a market value of approximately $265.8 million, a decrease of about 1.48 million shares from the previous quarter (when it held 6.81 million shares with a market value of approximately $442.8 million).
Meanwhile, Harvard has established a new position of 3.87 million shares in the iShares Ethereum Trust, with a holding value of approximately $86.8 million, marking its first publicly disclosed investment in an Ethereum ETF.
Overall, Harvard’s combined exposure to Bitcoin and Ethereum is approximately $352.6 million. Despite the reduction, Bitcoin remains Harvard’s largest disclosed single equity-like asset holding, exceeding positions in individual stocks such as Alphabet, Microsoft, and Amazon.
This adjustment occurred against the backdrop of significant volatility in the crypto market. In the fourth quarter of 2025, Bitcoin declined from a high of approximately $126,000 to $88,429 by year-end, while Ethereum fell about 28% over the same period. Both are currently trading around $68,600 and $1,900, respectively.