# Harvard Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Harvard", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Harvard University May Have Lost $150 Million in Cryptocurrency Trading! Has Liquidated Ethereum and Significantly Reduced Bitcoin ETF Positions

Harvard University's endowment fund, managed by Harvard Management Company (HMC), recently disclosed significant reductions in its cryptocurrency holdings. According to its latest 13F filing, HMC sold its entire position in the BlackRock Ethereum Spot ETF (ETHA) and reduced its stake in the BlackRock Bitcoin Spot ETF (IBIT) by 43% in Q1 2026. This marks a sharp reversal from its peak holdings of $443 million in crypto assets just two quarters prior, bringing the current value to approximately $117 million. Analysis suggests these sales likely resulted in substantial losses. Estimates indicate HMC's Bitcoin ETF trades incurred a roughly 28% loss (over $100 million), while its brief Ethereum position fell about 35% (over $30 million), totaling potential losses exceeding $150 million. The timing of HMC's trades—aggressively adding to Bitcoin near its all-time high in late 2025 and buying Ethereum just before a market downturn—has drawn criticism as potential "buying high and selling low." However, the context points to broader pressures. Harvard faced a $113 million operating deficit in FY2025 due to cuts in federal research funding and a significant tax increase on endowment income. With much of its portfolio locked in illiquid private equity and hedge funds, the highly liquid crypto ETFs presented the most straightforward assets to sell for liquidity and risk management. Furthermore, HMC's Bitcoin ETF holding had grown to 20% of its public portfolio by Q3 2025, prompting necessary rebalancing. The move contrasts with other institutions like Mubadala (increasing Bitcoin ETF holdings) and Dartmouth College (maintaining and diversifying crypto exposure). Ultimately, Harvard's actions appear driven by a confluence of fiscal stress, liquidity needs, and portfolio risk control rather than a simple market-timing strategy, highlighting how traditional institutional risk calculus applies even to volatile crypto assets.

marsbit05/18 11:50

Harvard University May Have Lost $150 Million in Cryptocurrency Trading! Has Liquidated Ethereum and Significantly Reduced Bitcoin ETF Positions

marsbit05/18 11:50

Harvard University May Have Lost $150 Million in Cryptocurrency Trading! Has Liquidated Ethereum and Significantly Reduced Bitcoin ETF Holdings

Harvard University's endowment fund, Harvard Management Company (HMC), significantly reduced its cryptocurrency holdings in Q1 2026, reportedly incurring substantial losses. According to its latest 13F filing, HMC completely sold off its position in the BlackRock Ethereum ETF (ETHA) and cut its BlackRock Bitcoin ETF (IBIT) holdings by 43%, leaving a position worth approximately $117 million. This marks a sharp decline from a peak public crypto allocation of $443 million just two quarters prior. Analysis suggests these trades resulted in estimated losses exceeding $150 million, with Bitcoin positions sold at an average loss of around 28% and Ethereum positions at roughly 35%. The moves have sparked debate on whether HMC engaged in counterproductive "buy high, sell low" behavior. The article contextualizes HMC's crypto journey, beginning with its initial disclosed investment in IBIT and gold ETF GLD in Q2 2025 as an "inflation hedge." Aggressive buying in Q3 2025 made IBIT its largest single public holding at 20% of the portfolio, coinciding with Bitcoin nearing all-time highs. Subsequent trimming began in Q4 2025, with an initial foray into ETHA. Explanations for the recent drastic cuts extend beyond market timing. Harvard faces significant financial pressure, including an annual operating deficit and a major increase in endowment tax rates. With illiquid assets like private equity dominating the portfolio, the highly liquid crypto ETFs became the most practical source for necessary portfolio rebalancing and liquidity. Furthermore, the impending retirement of HMC's CEO adds a layer of reputational risk to holding volatile assets. The article contrasts Harvard's retreat with other institutions, such as Mubadala's continued accumulation of Bitcoin ETFs and Dartmouth's expansion into staking-oriented crypto products. It concludes that HMC's actions reflect a complex interplay of fiscal needs, risk management, and institutional constraints rather than simple speculative trading, highlighting how traditional finance logic applies to crypto within large endowment portfolios.

链捕手05/18 11:44

Harvard University May Have Lost $150 Million in Cryptocurrency Trading! Has Liquidated Ethereum and Significantly Reduced Bitcoin ETF Holdings

链捕手05/18 11:44

Hyperliquid Founder's Circle of Friends Exposed: This Group of 'Olympic Gold Medalists' is Dominating Silicon Valley's AI Scene

This article profiles a group of former Olympiad medalists, now prominent AI entrepreneurs, who first connected through a Hudson River Trading (HRT) internship and high school competitions. The circle includes Jeff Yan (founder of Hyperliquid), Alexandr Wang (head of Meta's AI division after selling Scale AI), Scott Wu (CEO of Cognition, creator of AI engineer Devin), Johnny Ho (CSO of Perplexity), Jesse Zhang (CEO of Decagon), Demi Guo (CEO of Pika), and Steven Hao (CTO of Cognition). Their shared background in elite math and programming contests forged a powerful network. Now, they are leading some of Silicon Valley's most valuable AI companies, with several ventures achieving multi-billion dollar valuations. The piece draws a parallel to the "PayPal Mafia," highlighting their collective focus on engineering excellence, efficiency, and a shared vision for shaping the future with AI.

marsbit04/16 00:32

Hyperliquid Founder's Circle of Friends Exposed: This Group of 'Olympic Gold Medalists' is Dominating Silicon Valley's AI Scene

marsbit04/16 00:32

Hyperliquid Goes To University — This Study Is Now Required Reading For Traders

Hyperliquid's founder Jeff Yan visited Harvard Business School on March 26, where a case study titled "Hyperliquid: The Everything Exchange" was taught to MBA students and regulators. The study examines Hyperliquid’s architecture, governance, and risk controls, focusing on the tension between innovation and systemic risk. Key questions include who controls upgrades and emergency powers, the transparency of order-book operations, and how the platform would handle catastrophic failures. The case also compares Hyperliquid to centralized exchanges like FTX and other DeFi protocols, questioning whether its "core writer" model concentrates too much power. For traders, the study underscores that liquidation and backstop mechanisms are critical in determining loss distribution during high volatility, signaling that DeFi derivatives are now being treated as systemically important.

bitcoinist03/30 14:32

Hyperliquid Goes To University — This Study Is Now Required Reading For Traders

bitcoinist03/30 14:32

Ethereum Price Outlook Turns Critical After Harvard’s Portfolio Shift From Bitcoin ETFs

Institutional flows and weakening momentum are pressuring Ethereum (ETH) at a critical juncture. Harvard University’s endowment reduced its Bitcoin ETF exposure by 21% while initiating a new $87 million position in an Ethereum ETF. ETH trades below the key $2,000 level, with technical structure showing lower highs and lows. A break below $1,900 could trigger further declines toward $1,600–$1,700. Despite bearish price action, on-chain data shows continued accumulation by large holders and record-high weekly transactions with low fees, indicating underlying network strength.

bitcoinist02/17 22:05

Ethereum Price Outlook Turns Critical After Harvard’s Portfolio Shift From Bitcoin ETFs

bitcoinist02/17 22:05

Here’s what happened in crypto today – BTC, Harvard, crypto ETPs & more

Bitcoin's price showed signs of stabilization after briefly retesting $70K over the weekend, though it later dropped to around $68K, fueling market uncertainty. Analysts from Bitfinex suggested the movement reflects a stabilization phase rather than a leverage-driven squeeze, with derivatives positioning and funding rates normalizing. They expect BTC to trade between $55K and $78.2K before a new bull run. Crypto ETPs recorded $173 million in outflows last week, marking the fourth consecutive week of withdrawals. Bitcoin and Ethereum led the outflows with $133 million and $85 million respectively, while XRP and Solana saw institutional inflows of $33.4 million and $31 million. Harvard Management reduced its Bitcoin exposure in BlackRock’s IBIT by 21% in Q4 2025 but still held a record-high public investment in BTC. It also debuted in Ethereum with an $86.8 million investment in ETHA. Meanwhile, the CFTC is challenging state-level restrictions on prediction markets, arguing that these contracts fall under federal jurisdiction as risk management tools rather than gambling. The regulatory clash is ongoing, with a lawsuit involving Crypto.com expected to bring more clarity.

ambcrypto02/17 09:02

Here’s what happened in crypto today – BTC, Harvard, crypto ETPs & more

ambcrypto02/17 09:02

Harvard rotates from Bitcoin to Ethereum ETFs in late-2025 rebalance

Harvard Management Company rebalanced its crypto portfolio in Q4 2025, reducing its Bitcoin ETF (IBIT) exposure by $72.49 million after a significant $319 million accumulation in Q3. Simultaneously, it increased its Ethereum ETF (ETHA) allocation by $86.82 million. This shift indicates a rotation within crypto assets rather than a broader exit from the sector. The move occurred during a period of net outflows for both Bitcoin and Ethereum ETFs, with Bitcoin assets falling to around $87.04 billion and Ethereum assets near $11.72 billion. The rebalancing reflects active institutional management in response to market conditions and relative asset performance.

ambcrypto02/16 17:30

Harvard rotates from Bitcoin to Ethereum ETFs in late-2025 rebalance

ambcrypto02/16 17:30

Harvard Cuts Bitcoin ETF, Adds $87M Ether Stake

Harvard Management Company reduced its Bitcoin ETF holdings by 21% in Q4 while establishing a new $86.8 million position in an Ethereum ETF, according to an SEC filing. The Ivy League endowment's stake in BlackRock’s iShares Bitcoin Trust (IBIT) decreased to $442.8 million but remains its largest public equity holding. Simultaneously, it purchased 3.87 million shares of BlackRock’s iShares Ethereum Trust (ETHA), marking its first disclosed ETF exposure to Ether. The adjustments occurred during a period of significant crypto market volatility. Despite criticism from some academics questioning crypto's intrinsic value, Harvard maintains a combined $352.6 million in Bitcoin and Ethereum ETFs, signaling a strategic diversification within digital assets rather than an exit from the asset class.

TheNewsCrypto02/16 12:41

Harvard Cuts Bitcoin ETF, Adds $87M Ether Stake

TheNewsCrypto02/16 12:41

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