the latest disclosure document from Harvard Management Company, the fund management arm of Harvard University, shows that it reduced its Bitcoin ETF holdings by about 21% in the fourth quarter of 2025, while simultaneously establishing an Ethereum ETF position for the first time. The overall exposure to the two major crypto assets totals approximately $352.6 million. As of December 31, 2025, Harvard held about 5.35 million shares of BlackRock's IBIT, valued at $265.8 million, down about 1.48 million shares from 6.81 million shares in the previous quarter. At the same time, it newly established a position in the iShares Ethereum Trust, holding about 3.87 million shares valued at approximately $86.8 million, marking the fund's first public disclosure of Ethereum-related product allocation. Despite the reduction, Bitcoin remains Harvard's largest publicly disclosed stock asset holding, exceeding its holdings in Alphabet, Microsoft, and Amazon.