Harvard has carried out 2026's most expensive and fastest experiment: it bought $87 million worth of ETH and sold it all within a quarter

Harvard Management Company fully exited BlackRock’s Ethereum ETF in Q1 2026, after holding about $86.8 million the prior quarter.

It also cut its Bitcoin ETF stake by 43% to roughly $117 million, marking a third straight quarter of reduced crypto exposure.

The move highlights renewed caution from one of the most closely watched university endowments, despite broader institutional interest in crypto.

By contrast, other university endowments have maintained or expanded exposure, underscoring diverging views on digital assets.