🚨 Harvard University Faces Significant Losses in Bitcoin ETFs 🚨
According to PANews reports, Harvard University has incurred a substantial loss estimated at around $40 million in Bitcoin trading funds following the sharp decline in the cryptocurrency market. 📉
Documents submitted to the U.S. Securities and Exchange Commission (SEC) reveal that Harvard's holdings in the iShares Bitcoin Trust ETF, which were nearing $500 million, have been significantly affected. Even with a temporary rise in Bitcoin prices this week, the currency has lost more than 20% this quarter.
💡 Key Details:
Had Harvard sold its shares in early October, it might have avoided losses or even made a slight profit.
Current estimates indicate a 14% loss on 4.9 million shares purchased in the last quarter.
The university also holds 1.9 million shares from the second quarter, which may have incurred smaller losses or slight profits.
Bitcoin holdings represent less than 1% of Harvard's $57 billion fund, so the impact on the balance sheet is limited.
⚠️ Important Reminder: Even large institutions face risks when investing in cryptocurrencies.
📢 Discussion: Do you think universities should invest in volatile assets like Bitcoin? Share your opinion in the comments! 👇
#Harvard #Bitcoin #صناديق_تداول #الاستثمار #العملات_الرقمية #المالية #SEC
