Harvard University’s endowment has disclosed a $443 million stake in BlackRock’s iShares Bitcoin Trust (IBIT), making the fund’s largest known stock position in a Bitcoin spot exchange-traded fund.
According to the university’s latest 13F filing with the U.S. Securities and Exchange Commission, the investment fund held 6.8 million shares of IBIT stock as of the third quarter of 2025. This position represents just over 20% of its U.S.-listed public holdings.
Institutional investors, such as Harvard, generally avoid exchange-traded funds and instead favor private equity, real estate and direct investments. This makes this move to IBIT particularly remarkable.
As a reminder, Harvard’s total endowment exceeds $55 billion, meaning that IBIT investment represents less than 1% of total assets. Still, it ranks Harvard among the fund’s top 20 holders according to Bloomberg ETF analyst Eric Balchunas.
The filing reveals that Harvard University’s endowment invests in bitcoin. This comes at a time when the cryptocurrency’s price plunged more than 5% last week to around $96,000.
IBIT is the largest spot Bitcoin ETF in the world, with nearly $75 billion in net assets according to SoSoValue data.
