Crypto investments are still prominent in Harvard’s endowment, as filings show that the university has purchased Ethereum. The Ivy League school bought about $87 million in BlackRock’s iShares Ethereum Trust (ETHA), according to filings with the Securities and Exchange Commission released on Friday. The purchase coincided with a decision by Harvard sell 21% of its holdings of the iShares Bitcoin Trust (IBIT). The value of the sold Bitcoin amounted to around $72 million based on an end-of-year closing price for IBIT of $49.65 per share.
The transactions, which were disclosed in regulatory filings cited by multiple news outlets, come as the crypto sector is in a prolonged downturn.
