Harvard Cuts Bitcoin, Opens $87M Ethereum Position — The Institutional Rotation Is Here

Harvard University's $56.9 billion endowment just made one of the most telling moves in institutional crypto to date — and it's not what most people expected. According to a Q4 2025 SEC filing, the Harvard Management Company (HMC) cut its Bitcoin ETF position by 21% while

Harvard Buys $87M in Ethereum, Trims Bitcoin — But the Headline Misses the Real Story

Harvard's endowment made its first ETH bet while cutting BTC by 21%. The real story isn't bearish — it's about a mNAV arb unwind and institutional rotation.