TLDR:
- Harvard’s IBIT stake climbed 257 % to about $442.8 million in Q3.
- GLD holdings nearly doubled to $235 million, signalling diversification.
- IBIT is now Harvard’s largest disclosed position in a 13F filing.
- Institutional flow into Bitcoin ETFs continues despite short‑term crypto volatility.
The Harvard University endowment reported an allocation of 6,813,612 shares in the IBIT (iShares Bitcoin Trust) valued at approximately $442.8 million as of September 30. That stake reflects a 257 % increase from the previously reported 1,906,000 shares at the end of June.
Simultaneously, Harvard disclosed holding 661,391 shares in the GLD gold ETF, valued at about $235 million, a 99 % rise from 333,000 shares in June. These filings indicate a clear and substantial institutional shift in asset allocation toward both Bitcoin‑linked ETFs and gold.
Institutional shift: Harvard’s Bitcoin ETF positioning
The Q3 filing marks IBIT as Harvard’s largest single position disclosed in its 13F filing, surpassing major tech holdings in its portfolio. The quantum of shares, 6.81 million, valued at around $442.9 million, represents Harvard’s steepest increase quarter‑over‑quarter.
The gold ETF move also speaks to a defensive tilt: the GLD shares rose to 661,391 as of September 30, marking about 98.6 % growth from 333,000 shares at June end. The concurrent boost in Bitcoin and gold holdings suggests Harvard is expanding its portfolio’s exposure to alternative, non‑traditional assets.
This shift comes despite heightened volatility in the broader crypto market and sizeable outflows from spot Bitcoin ETFs in recent weeks. By choosing to increase exposure at this stage, Harvard adds a notable institutional data point for investors tracking large‑scale flows into crypto‑linked instruments.
What this means for the crypto market and edge toward Bitcoin
Harvard’s decision to markedly increase its IBIT holdings offers more than just a portfolio change; it acts as a signal to the asset‑management community. Historically, university endowments have been cautious about allocating to digital assets or crypto‑related ETFs.
By deploying hundreds of millions into IBIT, Harvard may tilt the institutional narrative around Bitcoin and crypto ETFs.
Moreover, the simultaneous strengthening of its gold position underscores an asset‑allocation strategy that blends growth potential and hedging. The gold ETF move may reflect concerns over macro risks and inflation, while the Bitcoin ETF move reflects belief in digital‑asset infrastructure or long‑term structural change.
From a market‑sentiment perspective, this large‑scale institutional allocation occurs even as retail‑driven flows face pressure. Hence, long‑term holders and institutional investors may view these filings as a stabilising sign for crypto ETFs and digital‑asset adoption curves.
The post Harvard Makes Major Move in Bitcoin ETF Holdings appeared first on Blockonomi.
Source: https://blockonomi.com/harvard-makes-major-move-in-bitcoin-etf-holdings/