Harvard University trimmed its spot Bitcoin (CRYPTO: BTC) exchange-traded position by nearly 50% and liquidated its Ethereum (CRYPTO: ETH) holdings in the first quarter, according to its latest 13F filing released Friday.
IBIT No Longer Harvard’s Largest Position
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Harvard Management Company, a wholly owned subsidiary of Harvard University that manages its financial assets, reported holding 3.04 million shares of the iShares Bitcoin Trust ETF (NASDAQ:IBIT) as of March 31, down from 5.35 million in the previous quarter.
The stake was worth $116.97 million based on IBIT’s price of $38.42 on March 31.
