Harvard endowment invests $87M in BlackRock ETHA, cuts Bitcoin IBIT holdings by 21%

Harvard University's endowment, the world's largest with $56.9B in assets, made its first Ethereum allocation by investing $87M in BlackRock's ETHA fund, disclosed figures show. The endowment simultaneously reduced its Bitcoin fund IBIT holdings by 1.48M shares, a 21% cut, though BTC remains its largest U.S. equity position.