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#HarvardAddsETHExposure Harvard University's endowment fund, managed by Harvard Management Company, has made a significant move in the crypto space by adding exposure to Ethereum (ETH) while reducing its Bitcoin (BTC) holdings. The fund invested $86.8 million in BlackRock's iShares Ethereum Trust (ETHA), marking its first direct exposure to Ethereum through a regulated ETF. This shift reflects a broader trend among institutions to diversify beyond Bitcoin into other digital assets with utility-driven value propositions ¹ ².

This strategic rebalancing suggests Harvard is looking to capitalize on Ethereum's growing ecosystem and its potential for long-term growth, rather than simply focusing on Bitcoin's store-of-value proposition. The move also underscores the increasing legitimacy of crypto as an asset class among large institutional investors.