The donation fund of Harvard University, one of the largest in the world, revealed an investment of US$ 443 million in BlackRock's Bitcoin ETF (IBIT).

The position, detailed in a document sent to the SEC, has become one of the largest in the fund's public portfolio: a surprising move from an institution that has historically been conservative regarding crypto and listed ETFs.

When even Harvard decides to allocate institutional capital to Bitcoin, it is no longer a matter of "if" the institutional market will enter: it is "how much" and "when".