Harvard University, that venerable bastion of intellectual rigor and tweed jackets, has apparently decided to swap its library cards for Bitcoin wallets. As per the latest financial filings, the esteemed institution now boasts a staggering $117 million stake in BlackRock’s iShares Bitcoin Exchange Traded Fund (ETF), or IBIT, by the close of Q2, 2025. One can almost hear the echoes of ancient halls whispering about the virtues of digital currencies. 🤔
BlackRock’s IBIT: Harvard’s Fifth Largest Investment, Or A Gambler’s Delight?
The Friday filing reveals that Harvard’s $117 million investment in IBIT secures its place as the university’s fifth-largest investment. This clever maneuver places the IBIT investment comfortably ahead of the Ivy League’s modest $114 million stake in Alphabet, the parent company of Google. In a twist that might make even the most stoic of academics chuckle, Harvard’s largest investment for Q1, 2025, was in Microsoft, totaling a robust $310 million. 🖥️
Beyond the sheer audacity of this financial feat, the disclosure paints a vivid picture of IBIT’s growing appeal. BlackRock’s spot Bitcoin ETF has not only maintained its dominance but has also managed to outshine its competitors, even in the realm of traditional funds. Its inflows have consistently outpaced those of other ETFs, a testament to its magnetic pull on the market. 🌠
By mid-July, the estimable Eric Balchunas, a Senior Bloomberg ETF analyst, reported a dizzying $5 billion in daily trading volume for IBIT-double its previous average. The net Assets Under Management (AUM) for the BlackRock Bitcoin ETF have soared past the $80 billion mark, earning it the illustrious title of the fastest-growing ETF of its kind. With total holdings now hovering around 706,000 BTC, IBIT has surpassed even the formidable Strategy, known for its voracious Bitcoin appetite. 🦅
Despite a minor hiccup-a 1.05% plunge at press time-IBIT shares have responded positively to the buoyant market sentiment, trading at $66.13. Market analysts, ever the optimists, predict that shares could surge to between $77 and $80 if market conditions improve. The substantial investments from institutions like Harvard and the Abu Dhabi sovereign wealth fund, which has committed over $500 million to IBIT, could very well fuel further price increases for the spot Bitcoin ETF. 💼
Spot Bitcoin ETFs: A Rollercoaster Ride of Outflows and Optimism
However, not all is smooth sailing for IBIT. The ETF has experienced more outflows during this period than in the past. The Bitcoin ETF market, in general, has seen significant redemptions, with millions flowing out. By August 6, this category of ETPs had endured four consecutive days of net outflows, a stark contrast to the relatively peaceful July, which saw only five outflows. 🌪️
Bitcoin itself has been on a rollercoaster, having peaked above $123,000 about a month ago and now trading at $117,829.81, marking a mere 1.04% rally over the past week. The flagship cryptocurrency is struggling to reclaim its former glory, and with improvements in Bitcoin’s price, more investors may be tempted to join the spot Bitcoin ETF bandwagon. 🚀
🚨 $BTC NEWS: BlackRock Is Selling To Universities!
-Harvard declares $117 Million purchase of spot Bitcoin ETFs. -Brown University now holds over $13,000,000 of $iBIT
– Tim Warren (@TimWarrenTrades) August 8, 2025
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2025-08-10 00:13