The numbers are relevant for July 1, said Harvard Management. According to the quarterly report submitted by the company to the US Securities and Exchange Commission (SEC), investments in Bitcoin-ETF became the fifth largest investments of the university. They exceeded Harvard’s investment in Alphabet, Google’s maternal company – at the end of the quarter, Harvard was at the disposal of Alphabet in the amount of about $ 114 million.
Harvard is not the only large American university that added assets related to bitcoin to his portfolio. Brown University gained access to bitcoin through ISHHARES BITCOIN TRUST, bought $ 13 million by shares of this fund.
IBIT – SPARS BIRGE FORMA (ETF), tied to bitcoin and allowing investors to gain access to the first cryptocurrency without the need to purchase and storage. ISHHARES BITCOIN TRUST is considered one of the largest crypto funds – now in its management there are assets of $ 86 billion.
SEC approved the launch of BTC-ETF in the USA in January 2024. For many years, the regulator refused companies to launch the Springs ETF to Bitcoin or transferred the consideration of applications, fearing market manipulations. When cryptocurrency ETFs began to be available for Americans, hedge funds and pension funds began to be invested in them.
In 2019, Harvard University began to explore the technology of blockchain, taking part in testing the platform to track the working conditions of factory workers.
Source: Bits
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