Harvard's $443M Bitcoin ETF Bet

Harvard Universitys endowment, valued at over fifty-five billion dollars, has made a significant move into cryptocurrency, disclosing a four hundred forty-three million dollar stake in BlackRocks iShares Bitcoin Trust (IBIT). This investment, now the funds largest known equity position in a spot bitcoin ETF, represents a notable shift for the prestigious institution. Despite market volatility, with bitcoin plunging over five percent in the past week, Harvards long-term perspective on digital currency is evident, placing it among the top twenty holders of IBIT, which is currently the worlds largest spot bitcoin ETF.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.