Harvard Dives Deep: $116M Bet on BlackRock’s Bitcoin ETF Signals Institutional Crypto Embrace
Wall Street meets Ivy League in a seismic crypto play.
Harvard University just dropped $116 million into BlackRock's spot Bitcoin ETF—the kind of move that makes endowment managers sweat and crypto bros cheer. This isn't dorm-room Dogecoin speculation; it's cold, institutional capital chasing the digital gold rush.
Why it matters
When America's richest university starts parking truckloads of cash in Bitcoin ETFs, the 'digital tulips' narrative takes a hit. The Ivy League isn't known for reckless bets—unless you count their 19th-century investments in Caribbean sugarcane plantations.
The fine print
BlackRock's ETF (ticker: IBIT) now holds over $16 billion in BTC. Harvard's stake? Roughly 0.7% of their $53 billion endowment. A calculated dip of the toe—not a cannonball—into crypto waters.
Bottom line
Traditional finance keeps folding crypto into its portfolio like a reluctant dad at a rave. The music's too loud, the lights are blinding—but damn if those returns don't look tempting.
