‘What does Harvard see coming?’ asks macro analyst as university ups IBIT position by 257%

Harvard University dramatically increased its stake in BlackRock’s iShares Bitcoin Trust (IBIT) by 257% between June and September 30, reporting 6,813,612 shares valued at $442.9 million, making it Harvard's top holding. This move, alongside a 99% increase in its GLD gold ETF stake, has prompted macro analysts to question what long-term signals Harvard is observing, especially given recent Bitcoin ETF outflows. Bloomberg ETF analyst Eric Balchunas noted that securing an endowment like Harvard's endorsement is significant validation for an ETF. Other major institutional players, including Millennium Management and sovereign wealth funds, are also heavily accumulating IBIT, suggesting a convergence on Bitcoin as a long-term asset despite short-term price turbulence. Experts suggest this institutional buying reflects conviction based on Bitcoin's supply constraints, inflation hedging strategies (indicated by the gold purchase), and maturing regulatory infrastructure.

(Source：CryptoSlate)