Harvard University – one of the largest university endowment management organizations in the world with assets of over $50 billion – has just announced that it holds $116.67 million#bitcoin BlackRock's spot ETF.
Notably, this value has surpassed the gold investment worth $101.51 million, making Bitcoin the fifth largest asset in the university's portfolio.
This is a significant shift in Harvard's asset allocation strategy, which is known for being cautious and prioritizing long-term stability. Prioritizing Bitcoin over gold indicates a shift in belief from traditional defensive assets to digital assets with high growth potential.
This reflects a broader trend as large institutions begin to view Bitcoin as an essential part of a diversified investment portfolio.
Harvard's choice of BlackRock's Bitcoin ETF further strengthens confidence in the market, as BlackRock is a leading global asset manager renowned for its risk management and investment efficiency.
