Harvard | Crypto

Crypto majors were mostly flat over the weekend after Bitcoin briefly dipped below $94,000 before recovering to $95,400. ETH gained 1% to trade near $3,180, BNB remained steady at $930, and SOL rose 2% to $142. Among top movers, UNI, IMX, and ENA each climbed about 4%. ZEC also briefly bounced above $700 on Sunday after Cobie commented on the fundamentals behind its recent rally. Market sentiment stayed deeply negative, with the Crypto Fear & Greed Index holding in Extreme Fear at 14 after touching 10 on Friday. On the macro side, JPMorgan identified roughly $94,000 as a key Bitcoin support level based on mining costs and projected potential upside toward $170,000. Institutional activity also made headlines, as Harvard reportedly added about $350 million of Bitcoin through IBIT in Q3—an increase of 257% from its June filing—while BlackRock’s BUIDL fund expanded to Binance and BNB.

Harvard University increased its holdings of BlackRock’s iShares Bitcoin Trust (IBIT) by 257% compared to its June position, with a reported 6,813,612 shares valued at $442.9 million as of September 30. The allocation rose from 1,906,000 shares worth about $116 million earlier this year. The same SEC filing revealed that Harvard has doubled down on […] The post ‘What does Harvard see coming?’ asks macro analyst as university ups IBIT position by 257% appeared first on CryptoSlate.

Though possibly not its first foray into crypto, Harvard’s reported stake in BlackRock's Bitcoin exchange-traded fund represented a significant investment. Harvard Management Company, the entity responsible for managing the university’s $53-billion endowment fund, has reported a multimillion-dollar investment in BlackRock’s Bitcoin exchange-traded fund (ETF). In a Friday filing with the US Securities and Exchange Commission (SEC), Harvard disclosed holding about 1.9 million shares of the iShares Bitcoin (BTC) ETF as of June 30. The BTC exposure was valued at more than $116 million, making it the fund’s fifth-largest investment for the period after Microsoft, Amazon, travel technology company Booking Holdings, and Meta.  Harvard reported its endowment fund was $53.2 billion as of June 30, 2024, making it the largest among US universities, ahead of Yale, Stanford and Princeton.  Read more

Harvard Management Co. (HMC) reported a position in BlackRock’s iShares Bitcoin Trust (IBIT) worth $116,666,260. According to a Form 13F filed with the US Securities and Exchange Commission (SEC) on August 8, HMC had 1,906,000 shares of IBIT as of June 30. Based on the values shown on the same page, the Bitcoin allocation represents […] The post Harvard discloses $116.7M exposure to Bitcoin via BlackRock’s IBIT ETF appeared first on CryptoSlate.