Headline: Harvard's Endowment Fund Invests Over $116 Million into BlackRock's $BTC ETF

Harvard Management Company, which manages the university's massive endowment fund, has made a significant investment in crypto. A recent filing shows they hold 1.9 million shares of the iShares Bitcoin ETF (IBIT), a fund managed by BlackRock. This investment is worth more than $116 million and makes the Bitcoin ETF the fifth-largest holding in the endowment as of June 30.

This move by one of the world's largest university endowments highlights a growing trend of institutional adoption of crypto assets. It follows the SEC's approval of spot Bitcoin ETFs earlier this year and signals increasing confidence in Bitcoin as a long-term investment.

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