📢 Harvard's Investment in BlackRock's Bitcoin ETF! 💼📈

Harvard Management Company, responsible for managing the largest university endowment in the United States valued at $53.2 billion, announced that it holds more than 1.9 million shares in BlackRock's iShares Bitcoin (BTC) ETF, worth over $116 million as of the end of June 2024. 💰🪙

This investment demonstrates the interest of major academic institutions in digital currencies as part of financial diversification strategies, after years of consideration and planning. The U.S. Securities and Exchange Commission approved the listing of this ETF in January 2024, and since then it has grown to hold net assets exceeding $86 billion. 📊🚀

The agency also recently announced an increase in the number of allowed options contracts for ETFs, enhancing the likelihood of increased demand for these investment instruments. 📈⚡

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