Harvard Management Company (HMC), which manages Harvard University’s endowment fund in the US, has completely liquidated its position in BlackRock’s Ether (ETH) exchange-traded fund (ETF), reducing its exposure to Bitcoin (BTC).
The move was made known through a Form 13F filed with the Securities and Exchange Commission (SEC). Over $100 million in assets under management reporting quarterly stock and ETF positions.
According to a document filed on May 15, 2026: Harvard University no longer reports holdings in iShares Ethereum Trust (ETHA). Last quarter, Study House held an $86 million position.
It is likewise highlighted that HMC has reduced its participation in the iShares Bitcoin Trust ETF (IBIT), a BTC fund managed by BlackRock. The company currently owns 3,044,612 shares of IBIT stock worth $116,973,993.
This reduction represents a significant decrease compared to the previous report. As reported by CriptoNoticias, Harvard University held 5.35 million shares of IBIT stock worth about $265 million. nevertheless, Universities were unable to fully wean themselves from exposure to Bitcoin..
Because the 13F form does not explain the reasoning behind each portfolio movement, it is not possible to determine whether the sales are in response to profit taking, tactical risk mitigation, or reallocation to other instruments.
This move also frequently reopens discussions within the BTC market. Whether an active rotation strategy really outperforms simple long-term position holding.
Mathias Massey, a graduate in cryptoeconomics and an expert in decentralized finance (DeFi), published an analysis on DCA (dollar cost averaging method), is a strategy where you regularly buy a fixed amount of BTC, regardless of the price.
According to their research, “in the more than three and a half year history of Bitcoin, there has never been a period in which monthly DCA ended in a loss.” The analysis adds that the average profitability over the last four years has been over 380%, as seen in the chart below.
Although historical data does not guarantee future results, this approach strengthens common thinking within the ecosystem. Maintaining exposure to BTC over the long term has historically shown better results than trying to predict short-term market movements.
