Ah, Harvard University, that venerable citadel of learning, where minds are ostensibly sharpened and futures forged-or so the brochure would have you believe. Behold, the ivory tower has taken a plunge into the murky waters of Bitcoin, tripling its exposure with a flourish that would make a circus acrobat blush. Yes, despite the market’s sullen grimace at spot Bitcoin ETFs, Harvard has decided to waltz into the fray with a $442 million embrace of BlackRock’s IBIT. How quaintly audacious! 🌟💸
$442 Million: Harvard’s Grand Folly on BlackRock’s IBIT
As the ever-watchful Eric Balchunas, Bloomberg’s senior ETF analyst, has noted with a mix of awe and bemusement, Harvard has anointed BlackRock’s iShares Bitcoin Trust ETF (IBIT) as the crown jewel of its portfolio. A $326 million increase, you say? How delightfully reckless! Microsoft and Amazon, those staid giants of industry, now find themselves relegated to second and third place, respectively. Oh, the irony of academia out-gambling the tech titans! 🤓📈
Just checked and yeah $IBIT is now Harvard’s largest position in its 13F and its biggest position increase in Q3. It’s super rare/difficult to get an endowment to bite on an ETF-esp a Harvard or Yale, it’s as good a validation as an ETF can get. That said, half a billion is a… 🎭🤑
– Eric Balchunas (@EricBalchunas) November 15, 2025
The allocation, a staggering 21% of Harvard’s portfolio, is a testament to either visionary foresight or monumental hubris. One wonders if the dons of Harvard Yard have mistaken themselves for latter-day alchemists, transmuting base cryptocurrency into academic gold. Or perhaps they’ve simply grown weary of their marble halls and seek the thrill of the volatile market? 🧙♂️🔮
Balchunas, ever the astute observer, remarks on the rarity of such a move: “It’s super rare/difficult to get an endowment to bite on an ETF-esp a Harvard or Yale, it’s as good a validation as an ETF can get.” Validation, indeed! Or perhaps a gilded noose? Only time will tell if Harvard’s gamble pays off or if they’ve merely purchased a front-row seat to the crypto circus. 🎪🤹♂️
Harvard now stands as the 16th largest holder of IBIT shares, a position that is either enviable or laughable, depending on one’s perspective. IBIT, with its $80 billion AUM, dwarfs its rivals like Fidelity’s FBTC, but one must wonder: is size truly everything? Or is it merely a Potemkin village of financial prowess? 🏰💨
Bitcoin Spot ETFs: November’s Unwanted Guests
Meanwhile, the Bitcoin spot ETFs are having a November to forget, with outflows reaching a cringe-worthy $866 million on November 13th. Spot Ether ETFs are faring no better, and the likes of XRP, Litecoin, and Solana are but footnotes in this financial melodrama. The apathy is palpable, a reflection of the market’s collective shrug at the crypto carnival. 🤡🎢
And let us not forget the miners, those unsung heroes of the blockchain, who may soon find themselves at breakeven prices. Will Harvard’s bold move be their salvation, or merely another chapter in the saga of financial folly? Only the ledger knows for sure. 📖🔍
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2025-11-15 15:31