Harvard Management Company disclosed 1.9M shares in BlackRock’s iShares Bitcoin ETF, worth $116M as of June 30.

The Bitcoin ETF stake ranks as Harvard’s fifth-largest holding, behind Microsoft, Amazon, Booking Holdings, and Meta.

Harvard’s $53.2B endowment is the largest among U.S. universities, historically focused on tech-heavy allocations.

The BlackRock Bitcoin ETF — approved by the SEC in January 2024 — has grown to $86B in net assets.

SEC’s new options contract limit increase could boost ETF demand further.$BTC