Harvard announced its first Ethereum ETF holdings worth $87 million
The investment arm of Harvard Management Company (HMC), which oversees Harvard University's $56.9 billion endowment, has announced the acquisition of the iShares Ethereum Trust (ETHA), valued at $87 million in Q4 2025.
In contrast, the offering reduced its Bitcoin exposure during the quarter, cutting its holdings in the iShares Bitcoin Trust from about 6.8 million to 5.4 million. At the time of the report, the stock was worth about $266 million.
Overall, HMC held $352.6 million in crypto-related investments at the end of the quarter, about 1% of total assets.
Bitcoin continues as the standard The biggest A defined equity position, even if the exposure is reduced. The university first revealed its Bitcoin fund exposure in Q2 2025, with a stake of $117 million.
Harvard projects a $113 million deficit in fiscal year 2025.
Leadership indicated that future challenges could intensify due to shrinking federal research partnerships, increased student mobility and looming welfare tax increases.
Despite the shortfall, strong investment returns and increased donor support helped boost the endowment to $56.9 million. billion, providing Critical financial resilience as Harvard braces for structural and political headwinds.
