According to latest filings, Harvard Management Company has reduced its exposure to BlackRock’s Bitcoin (BTC) ETF. The Harvard-owned investment management company reduced its BlackRock IBIT holdings from $442.8 million to $265.8 million. The company has instead opened a fresh position in BlackRock’s Ethereum ETF for $86.8 million. Let’s discuss what the re-allocation could mean for the two cryptocurrencies.
Is Harvard Now More Bullish On Ethereum Than Bitcoin?
Harvard’s change in allocation came during a volatile period for the crypto market. October saw the largest single-day liquidation event in crypto history. The crypto market has yet to recover the losses made over the last few months. Bitcoin (BTC) and Ethereum (ETH) both hit new peaks in 2025, but the market correction late last year led to substantial losses for both.
ETFs are a key price driver in the crypto market. Exchange-traded funds have become a central pillar of the crypto sector over the last two years. ETF inflows are a key indicator for an asset’s price. Harvard opening a new Ethereum (ETH) position with BlackRock’s ETH ETF could mean that the firm is bullish on the asset’s future. Moreover, many believe ETH has more room for growth than Bitcoin (BTC). For example, if Bitcoin (BTC) hits $1 million, its price will grow about 14x from current levels. However, there may be a higher chance for ETH to hit the $30,000 mark, than for Bitcoin to hit $1 million. ETH hitting $30,000 from current price levels would lead to a 15x price surge.
Also Read: Bitcoin Crash Pulls BlackRock Investors Into Losses: What Next?
Nonetheless, both Bitcoin (BTC) and Ethereum (ETH) ETFs account for a substantial portion of Harvard’s investments. The development shows the enter of crypto assets into the mainstream. Cryptocurrencies are expected to make further inroads over the coming years.
