Lates News

According to regulatory filings, top universities Harvard University and Brown University are the most recent institutions to add exposure to Bitcoin. Harvard Management Company, a wholly-owned subsidiary of Harvard University, disclosed in its 13F filing with the U.S. Securities and Exchange Commission that it holds $116 million worth of shares in the BlackRock iShares Bitcoin Trust. A similar filing showed that Brown University made its first purchase of Bitcoin exposure in May and increased its holdings in the BlackRock ETF to $13 million. BlackRock's Bitcoin Trust (IBIT) and other cryptocurrency ETFs allow investors to invest in large cryptocurrencies without directly owning and storing digital assets. BlackRock's IBIT currently manages assets worth $86.3 billion.