Harvard Ditches $87 Million in Ethereum ETF Amid Market Pressure

Harvard Management Company has made significant adjustments to its investment portfolio, with a notable divestment from BlackRock's Ethereum ETF. According to the company's latest 13F filing with the SEC, Harvard fully liquidated its $87 million position in the ETF during the first quarter of 2026.

The move is attributed to market pressure and institutional sentiment, with the price of Ethereum plummeting by around 10% over the past month. The cryptocurrency market has been experiencing overall weakness, with widespread risk aversion and subdued investor sentiment.

Harvard's decision not to issue a public statement on this matter leaves room for speculation about its motivations. However, industry observers suggest that the endowment may be engaging in portfolio rebalancing or risk management strategies.

In contrast to Harvard's exit from Ethereum ETFs, other large institutional investors have increased their holdings of Bitcoin-based ETFs. The Abu Dhabi-based Mubadala fund, for instance, has expanded its Bitcoin ETF holdings to $566 million over the past six quarters.