Harvard Stays Put on Bitcoin: Endowment Halts ETF Sales in Q2

Through the second quarter of 2026, Harvard Management Company kept its precise placement in Black Rock's iShares Bitcoin Trust. As of June 30, the endowment said it had 3,044,612 shares worth about $101.4 million, which matched the number of shares it had at the end of March. The $117 million drop in dollar value was entirely due to a reduced IBIT price, not from any other selling activity.

This result points to a definite correction in institutional Bitcoin exposure. Two past quarters of cuts Harvard had neither increased nor further trimmed its publicly revealed ETF holdings. Though gold ETFs remain bigger at around $171.2 million, the almost $100 million commitment shows that Bitcoin still has a strategic place among the endowment's visible public assets.

Form 13F submissions give just a postponed and limited perspective that leaves out non-U.S. securities, derivatives, and private investments. Therefore, the most correct interpretation is one of pauses instead of fresh accumulation. The filing indicates Harvard's Bitcoin ETF holding has stabilized following earlier cuts.