Harvard dumps ether ETF as Abu Dhabi sovereign fund keeps adding to bitcoin positions
Summary
First-quarter 13F filings show divergent crypto strategies among major institutional investors. Harvard University significantly reduced its holdings in the iShares Bitcoin Trust (IBIT) by 43% and completely exited its position in BlackRock’s spot Ethereum ETF. Conversely, Abu Dhabi’s sovereign wealth fund, Mubadala, expanded its IBIT stake to nearly $660 million. Other institutions like Dartmouth College diversified into Solana, while firms including Barclays and the Royal Bank of Canada adjusted their exposure through a mix of spot holdings and hedging strategies.
(Source:The Block)