As per Cryptonewsland, Harvard University increased its Bitcoin investments to $443 million in Q3 2023, surpassing its gold ETF allocations. The university's Bitcoin portfolio now accounts for 21% of its total investments, with BlackRock’s IBIT ETF being the largest holding. Harvard also increased its gold ETF allocation from $102 million to $235 million, but Bitcoin remains the preferred asset with a 2-to-1 allocation advantage. Harvard’s decision reflects a growing institutional interest in Bitcoin as a hedge against economic uncertainty.
Harvard University Boosts Bitcoin Holdings to $443M, Outpaces Gold ETF Allocations
CryptonewslandShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.