🚨 HARVARD UNIVERSITY INCREASES BLACKROCK'S BITCOIN ETF SHARES BY 3 TIMES!
As the market is submerged in red and cash flows out of ETF funds, one of the most prestigious academic institutions in the world has just sent out an extremely strong optimistic signal. Harvard University has tripled its investment in BlackRock's Spot Bitcoin ETF.
This is a remarkable contrarian move.
🔹 Significant Growth: According to legal filings, Harvard's $57 billion endowment fund currently holds more than 6.8 million shares of IBIT, valued at $442.8 million as of September 30. This figure surged from the previous level of 1.9 million shares ($116.6 million) reported in August.
🔹 "Rare" Validation: Bloomberg analyst Eric Balchunas called this the "best validation an ETF can get," emphasizing that university endowments buying ETFs is "extremely rare."
🔹 Asset Diversification: Notably, Harvard has also nearly doubled its holdings in the Gold ETF (GLD), indicating a diversification strategy into "hard" assets.
💡 Significance & Impact:
This move shows that long-term institutional investors like Harvard are viewing the market downturn as an accumulation opportunity, in stark contrast to the short-term panic selling currently occurring (over $1.1 billion has been withdrawn from Bitcoin ETF funds this week).
🔮 Open Question:
The big question right now is: Should investors look to the actions of "smart money" as a signal for long-term potential, despite the volatility and fear in the short term?
