Harvard University has invested USD $ 117 million in Blackrock Bitcoin ETF Bitcoin

The capital that maintains the Harvard University in it Ibit of Blackrock exceeds the investment made by the study house in Alphabet, parent company Google.

***

• Harvard places your investment in the ETF Bitcoin of Blackrock as its fifth greater position.
• The bottom of Blackrock accumulate USD $ 84,000 million in assets under management.
• Institutional interest in ETFs grows Bitcoin In the US.

The Harvard University, One of the most prestigious academic institutions in the world, has revealed that it maintains an investment of USD $ 117 million in the ETF Bitcoin in cash of Blackrock, According to a regulatory document presented today.

Participation, corresponding to the second quarter of the year, makes this fund the fifth largest investment of the portfolio of Harvard, slightly overcoming your position in Alphabet, the parent company of Google, which has allocated USD $ 114 million at the close of the fiscal period.

University investment management is in charge of Harvard Management Co Inc., the arm responsible for administering the capitals of the institution. The largest asset of the portfolio at the end of the quarter was Microsoft, with a value that exceeded USD $ 310 million.

The ETF Bitcoin of Blackrock and its popularity between institutions

The ETF Bitcoin of Blackrock, Identified with the Ticker Ibit, It has been one of the most successful quoted funds in its launch and has captured a growing interest among institutional investors.

In the first quarter, a sovereign fund of Abu Dhabi had already reported a position greater than USD $ 500 million in this product. The last update indicates that The Fund currently has USD $ 84,000 million in assets under management, a figure that places it as the main reference between its peers.

This type of vehicles allows investors to access exposure to Bitcoin No need to directly buy and guard the cryptocurrency, which reduces entry barriers for institutions and large capitals.

Other institutions are added to the trend

The interest in ETFs Bitcoin It is not limited to Blackrock. This same week, the Michigan state withdrawal system He also reported through a regulatory document, which had almost USD $ 11 million in El ark 21shares bitcoin ethf at the close of the second quarter.

The entry of entities such as sovereign funds, pension and universities systems reinforces the narrative that Bitcoin He is gaining land as an active of legitimate and long -term investment in the institutional world.

These movements suggest that cryptocurrencies, especially Bitcoin, They are ceasing to be seen only as a speculative asset to become a strategic tool for portfolio diversification.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

Subscribe to our newsletter