Cryptocurrency portfolio overhaul at prestigious Ivy League institution sees drastic decrease in flagship digital coin and complete elimination of second-largest digital asset.

In a notable development, Harvard University's foundation fund has made substantial adjustments to its cryptocurrency portfolio, as disclosed in its first-quarter 2026 SEC 13F filings. The university has scaled back its stake in BlackRock's IBIT spot Bitcoin exchange-traded fund by a considerable 43%, bringing its total shares to 3,044,612, with a current valuation of around $117 million. This reduction comes on the heels of a 21% decrease in the same holding during the fourth quarter of 2025, marking the second consecutive quarter in which Harvard has trimmed its exposure to Bitcoin ETFs.

Meanwhile, the institution has opted to completely liquidate its position in BlackRock's spot Ethereum ETF, which was previously valued at approximately $86.8 million. This move signifies a complete exit from Ethereum ETF investments for Harvard. In contrast to Harvard's cautious stance, institutional interest in cryptocurrencies from the Middle East is gaining momentum. Mubadala, Abu Dhabi's sovereign wealth fund, has bolstered its investment in IBIT, increasing its holdings to 14,721,917 shares, which translates to a value of around $566 million. This upward adjustment follows a previous holding of 12,702,323 shares at the end of 2025.