Harvard Cuts BTC ETF by 21%, Invests in ETH

Harvard Management Company, the institution managing Harvard University's endowment fund, reduced its stake in BlackRock's spot Bitcoin ETF (iShares Bitcoin Trust) and opened a new position in the Ether ETF (iShares Ethereum Trust). In the filing submitted to the U.S. Securities and Exchange Commission (SEC) on Friday, it was stated that the 442,9 million dollar BTC position at the end of Q3 2025 fell to 265,8 million dollars by the end of Q4, meaning more than 3 million shares were sold, dropping from 6,8 million to 5,4 million. While the BTC position saw a 21% decrease, more than 3,8 million shares of ETH ETF were purchased, resulting in a new investment of approximately 87 million dollars as of December 31.

Details of Harvard's BTC ETF Sale

These decisions were made during a volatile period when Bitcoin fell from 120 thousand dollars at the beginning of July 2025 to 90 thousand dollars in January 2026, and Ether from 4 thousand dollars to 3 thousand dollars. As of June 30, 2025, Harvard's endowment was valued at 56,9 billion dollars, with BlackRock crypto ETFs comprising 0,62% of total assets. In the same period, the Alphabet position was increased by approximately 100 million dollars, while Amazon shares were reduced by 80 million dollars. The institution's shift from BTC to ETH may reflect the downtrend signals in BTC detailed analysis.

New 87 Million Dollar Entry into ETH ETF

Harvard's move toward the ETH ETF signals the growth potential in Ethereum's ecosystem. This action reinforces institutional interest following the approval of spot ETH ETFs. As we also emphasize on our ETH detailed analysis pages, ETH's DeFi and Layer-2 developments maintain its long-term appeal.

Bitcoin Technical Analysis: Strong Supports and RSI Warnings

Current BTC price at 68.097 USD level, 24-hour change -%0,84. RSI at 35,07 in oversold territory (buying opportunity). Trend downtrend, Supertrend bearish, EMA 20: 73.220 USD. Strong supports: S1 65.530 USD (76% score, -%3,68 distance), S2 60.000 USD (67% score). Resistances: R1 71.264 USD (71% score, +%4,75), R2 83.835 USD. Weekly candlestick chart turned positive, rising 8% from the low, signaling recovery in BTC futures.

Institutional and Market Developments in Crypto ETFs

• Metaplanet announced a 619 million USD net loss in BTC valuation but increased its holdings to 35.102 BTC – institutional HODL continues.
• NYSE American approved the listing of options for commodity-based and multi-crypto ETFs, with increased liquidity expected.

Harvard's rotation shows that the ETF market is maturing.