Key Highlights
- Harvard’s endowment maintained its BlackRock IBIT bitcoin ETF holding at 3,044,612 shares valued at $101.4 million during Q2 2026, halting a two-quarter selloff trend
- Two Abu Dhabi sovereign funds, Mubadala and ADIC, maintained a combined $764 million IBIT exposure with zero portfolio adjustments
- JPMorgan expanded its IBIT holdings to 10.4 million shares while Morgan Stanley reduced its position by 4.5%
- Paul Tudor Jones’ Tudor Investment Corporation increased its IBIT stake, now managing 688,529 shares valued at $22.9 million
- The university’s gold exposure ($171.2 million) now exceeds its bitcoin fund allocation, with SpaceX representing its dominant holding at $2.2 billion
Harvard University’s endowment maintained a steady position in BlackRock’s iShares Bitcoin Trust throughout the second quarter of 2026. The prestigious institution reported holding 3,044,612 shares valued at $101.4 million on June 30, matching the previous quarter’s share count exactly.
The stabilization marks a notable shift after consecutive quarters of reduction. The endowment had decreased its holdings by 21% during Q4 2025, followed by an additional 43% reduction in Q1 2026. The quarter-over-quarter decline in dollar value stemmed from bitcoin’s price depreciation rather than portfolio rebalancing.
The university has shown no interest in rebuilding an Ethereum allocation. After completely divesting from BlackRock’s spot Ethereum ETF earlier in 2026, Harvard has maintained zero exposure to that digital asset class.
Bitcoin currently trades near $63,000, representing a nearly 30% decline year-to-date. The cryptocurrency is trading at approximately 50% of its October 2025 all-time high above $126,000.
Gold Exposure Exceeds Bitcoin Allocation at Harvard
The endowment’s gold-related investments now total $171.2 million, surpassing its $101.4 million bitcoin fund allocation. The gold exposure consists of $149.5 million in the iShares Gold Trust and an additional $21.7 million in the SPDR Gold Trust.
Within Harvard’s disclosed portfolio, IBIT represents the 11th largest position, accounting for 2.4% of the $4.26 billion in publicly reported assets. The institution’s complete endowment totals approximately $57 billion, though the majority resides in private investments exempt from 13F disclosure requirements.
The endowment’s dominant public holding is SpaceX, valued at $2.21 billion and representing 52% of all disclosed investments. The aerospace company completed its public offering in June at $135 per share, achieving a market capitalization near $1.8 trillion. Harvard’s pre-IPO stake automatically converted into publicly traded equity following the listing.
Dartmouth College similarly maintained unchanged crypto ETF allocations during the quarter. The institution’s combined holdings in IBIT, a Grayscale Ethereum staking vehicle, and a Bitwise Solana fund decreased from $14.6 million to $12.4 million solely due to market valuation changes.
Major Financial Institutions Adjust Bitcoin ETF Exposure
Mubadala, Abu Dhabi’s sovereign wealth fund, maintained 14.7 million IBIT shares worth $490.1 million, while the Abu Dhabi Investment Council preserved its 8.2 million share position valued at $273.6 million. Both entities reported zero changes to their allocations.
JPMorgan expanded its IBIT allocation from 8.3 million to 10.4 million shares and simultaneously increased its BlackRock ether ETF position more than fourfold. Conversely, Morgan Stanley decreased its IBIT exposure by 4.5% to approximately 16.5 million shares. The financial giant also reported holding 2.57 million shares in its proprietary Morgan Stanley Bitcoin Trust.
Tudor Investment Corporation acquired an additional 109,446 shares throughout the quarter, elevating its total position to 688,529 IBIT shares worth $22.9 million. The investment firm simultaneously maintained IBIT put options representing $23.8 million in underlying exposure.
As of August 13, BlackRock’s IBIT managed approximately $47.35 billion in total net assets. According to 13F filing records, the ETF now counts 1,500 institutional investors among its shareholder base.
The post Harvard Maintains Bitcoin ETF Holdings at $101M While Expanding $2.2B SpaceX Position appeared first on Blockonomi.
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