Harvard University’s endowment fund has disclosed a $443 million stake in BlackRock’s iShares Bitcoin Trust (IBIT), making the fund’s largest known equity position in a spot bitcoin exchange-traded fund.
According to the university’s latest 13F filing with the U.S. Securities and Exchange Commission, the investment fund owned 6.8 million shares of IBIT as of the third quarter of 2025. The position represents just over 20% of its U.S.-listed public equity holdings.
Institutional investors, like Harvard, typically avoid exchange-traded funds in favor of private equity, real estate, and direct investments. That makes this step towards IBIT especially notable.
To put it in context, Harvard’s total endowment exceeds $55 billion, meaning the investment in IBIT represents less than 1% of total assets. Still, he ranks Harvard among the fund’s top 20 holders according to Bloomberg ETF analyst Eric Balchunas.
The filing reveals that the Harvard University Foundation is investing in bitcoin. It comes at a time when the price of the cryptocurrency plunged more than 5% last week to around $96,000.
IBIT is the largest spot bitcoin ETF in the world, with nearly $75 billion in net assets according to data from SoSoValue.
