Overview

• Harvard’s Q2 2025 filing shows 1.9 million shares of BlackRock’s iShares Bitcoin Trust valued at $116 million as of June 30
• Accounting for about 8% of its $1.4 billion US-listed portfolio, IBIT is now Harvard’s fifth-largest public holding
• Its SPDR Gold Trust position, valued at roughly $102 million, now ranks below bitcoin in the endowment’s disclosures
• Since SEC approval in January 2024, spot bitcoin ETFs have attracted tens of billions in assets from retail and institutional investors
• Harvard’s IBIT allocation highlights a shift toward regulated bitcoin products offering daily liquidity and SEC oversight