Harvard Management Company pauses Bitcoin ETF sell-off

The reported value of Harvard’s stake reached $101.4 million by June 30. While this figure represents a decrease from the $116.97 million recorded at the end of March, the variance is attributed to market price fluctuations rather than further liquidation. Despite the pause, Bitcoin remains a secondary asset compared to the endowment's gold holdings, which totaled $171.2 million across two separate trusts.

Institutional appetite for the BlackRock fund remained inconsistent across the broader market. While JPMorgan increased its reported holdings to roughly 10.4 million shares, Morgan Stanley opted to trim its position by 4.5 percent. Meanwhile, major sovereign wealth players in Abu Dhabi—specifically Mubadala Investment Company and the Abu Dhabi Investment Council—kept their combined 22.9 million shares untouched throughout the quarter. These filings reflect only public equity positions, leaving the full scope of private investment strategies opaque.