On the news front, in the second quarter of 2025, Harvard's endowment fund made significant investments in Bitcoin and gold.

According to documents submitted to the U.S. Securities and Exchange Commission (SEC) on Friday (August 9), Harvard Management Company (HMC) made large additional investments in exchange-traded funds (ETFs) that track the value of gold and Bitcoin in the second quarter of 2025. Among these, it purchased 1.9 million shares of BlackRock iShares spot Bitcoin ETF, valued at $116.7 million.

According to a report by Harvard University's campus newspaper, Rutgers Business School professor John M. Longo stated, "Due to the significant expansion of global money supply, especially since the pandemic, some investors are viewing gold and cryptocurrencies as stores of value." He also added that the Trump administration's supportive cryptocurrency policies and the increasing supply of related products from large financial institutions are driving Bitcoin prices towards historical highs. #特朗普允许401(k)投资加密货币 $ETH