Harvard Endowment Fund Abandons Ether Investment Amid Market Volatility

Harvard University's endowment fund has made significant changes to its cryptocurrency holdings in the first quarter of 2026. The fund, managed by Harvard Management Company, sold all of its Ether (ETH) positions, valued at $87 million, according to its Q1 2026 SEC filing.

The decision to divest from ETH comes as the cryptocurrency has experienced a decline of over 50% from its all-time high of nearly $5,000 reached in August 2025. This significant drop may have contributed to Harvard's decision to reevaluate its investment strategy.

Furthermore, Harvard reduced its exposure to Bitcoin (BTC) by selling about 2.3 million Bitcoin ETF shares, valued at over $117 million. The endowment fund still holds more than 3 million shares of BlackRock’s iShares Bitcoin Trust ETF.