Earlier this year, Harvard’s endowment fund shook up its crypto approach by reducing its Bitcoin ETF exposure, and adding Ethereum ETF shares. Only months later, however, the Ivy League school has refined that approach further as its latest disclosures show that Harvard has shaved its Bitcoin position further—and gotten rid of its Ethereum stake altogether.
Despite the Bitcoin market slumping in parts of 2026, ETF inflows have remained somewhat resilient, Bloomberg analyst Eric Balchunas told Fortune in an interview.
“Most people seem to be giving this a couple years,” Balchunas said. “For Harvard, they own a bunch of other stocks, and stocks have done really well, so it might make it easier to absorb the losses in [Bitcoin], and sort of keep their position for a while hoping it comes back, which it did a little in the last month.”
