Harvard Management Company reveals a $116 million position #blackRock $BTC in the exchange-traded fund

Harvard University's investment arm has revealed a $116 million position in the

Brown University has also increased its holdings in BlackRock's Bitcoin ETF to $13 million after beginning to purchase exposure in May of this year.

Ivy League institutions are joining the Wisconsin Investment Board and other key entities seeking regulated exposure to Bitcoin without direct ownership.

Harvard Management Company submitted a 13F form showing its significant position in the largest Bitcoin ETF in the world.

BlackRock's IBIT fund remains the most successful cryptocurrency exchange-traded fund, with assets under management reaching $86.3 billion since its launch in January 2024.

The fund has received more liquidity than any cryptocurrency exchange-traded fund #ETF since spot Bitcoin products received regulatory approval.

Traditional institutions continue to adopt Bitcoin through exchange-traded funds as the asset class gains acceptance in the mainstream.

Pension funds and U.S. states have purchased exposure to exchange-traded funds instead of holding digital currencies directly in cryptocurrency wallets.

Regulatory filings show increasing institutional confidence in $BTC as a legitimate asset class.

University funds are now looking at Bitcoin ETFs as available alternatives to store and manage complex cryptocurrencies directly.