Harvard and Brown universities have recently invested in Bitcoin through BlackRock’s ETFs, reflecting a significant trend among traditional institutions seeking cryptocurrency exposure.
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Harvard Management Company holds a $116 million position in BlackRock’s iShares Bitcoin Trust.
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Brown University has increased its investment to $13 million in the same ETF.
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BlackRock’s Bitcoin Trust is the most successful crypto ETF with $86.3 billion in assets under management.
Harvard and Brown universities are now investing in Bitcoin via ETFs, highlighting a growing acceptance of cryptocurrency among traditional institutions.