As reported by PANews, Harvard University's Bitcoin ETF holdings have incurred a $40 million loss following a market downturn, according to a recent SEC filing. The university's stake in the iShares Bitcoin Trust ETF, which reached nearly $500 million in value earlier this quarter, has dropped over 20% this quarter. Even with a brief Bitcoin rebound on Tuesday, the position remains in the red. Harvard's largest purchase of 4.9 million shares in the second quarter could now be down as much as 14% if held, assuming a July purchase at Bitcoin's quarterly low. A smaller 1.9 million share purchase in Q2 may still be slightly profitable or at minimal loss, depending on the exact timing. The losses represent a small fraction of Harvard's $57 billion endowment, with Bitcoin holdings accounting for less than 1% of total assets as of September 30.
Harvard's Bitcoin ETF Holdings Suffer $40M Loss Amid Market Downturn
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