Harvard has fully loaded the $87M ETH space
Harvard Management Company, which manages Harvard University's endowment fund, sold all of its Ether (ETH) holdings after one quarter, according to a filing with the United States Securities and Exchange Commission (SEC) in Q1 2026.
The offering does not include $87 million in shares of BlackRock's iShares Ethereum Trust exchange-traded fund (ETF) held in Q4 2025, according to a Q1 2026 SEC filing.
Harvard reduced its exposure to Bitcoin (BTC) in Q1 2026, shedding about 2.3 million shares of the Bitcoin ETF. The philanthropic fund still holds more than 3 million shares of BlackRock's iShares Bitcoin Trust ETF, worth $117 million.
Harvard's property holdings through Q1 2026. Source: SEC
The change in ownership follows a tumultuous year for ETH, which has fallen more than 50% from its August 2025 peak of nearly $5,000 and peaked at the Ethereum Foundation (EF), the organization that oversees the ecosystem.
Related: Dartmouth endowment invests in Solana ETF, holds $14M in crypto exposure
Key employees leave the Ethereum Foundation as the organization receives flak
Julian Ma and Carl Bick, two researchers at EF, recently announced their departure from the organization, bringing the total number of departures to eight in 2026.
Josh Stark, a longtime researcher and project manager at the foundation, also left the organization in April. The departures follow a number of organizational and leadership changes at EF that began in January 2025.
Source: Josh Stark
In March, the EF published a mandate outlining its goals and focus on decentralization, privacy, open source software code, and resistance to censorship.
However, the organization's mission and overall stance have received mixed reviews from the crypto community.
According to journalist Laura Shin, the core pillars listed in EF's mission are “great” and “compelling”, but she added that EF should focus on tokenenomics and increase the value of its native assets.
“Ethereum Foundation seems to want to step up when all its competitors are going down and scrambling to get market share,” Shin said.
Magazine: Why Is Ethereum Foundation Selling? BTC future warning signs: market movements
