Harvard Endowment Holds IBIT Steady at Quarter End After Two Quarters of Cuts

Harvard University’s endowment kept its position in BlackRock’s iShares Bitcoin Trust (IBIT) unchanged at the end of the second quarter, ending two straight quarters of reductions. According to PANews, the endowment cut its stake by 21% in the fourth quarter and by 43% in the first quarter.As of June 30, Harvard Management Company held 3,044,612 IBIT shares valued at $101.4 million. The endowment’s gold-related products were worth more than its Bitcoin fund holdings. Among Harvard’s 19 disclosed holdings, IBIT ranked 11th and accounted for 2.4% of its $4.26 billion investment portfolio.