Harvard University's latest 13F filing with the SEC has generated significant buzz in the institutional investment world. According to the filing, the university held 6,813,612 shares of IBIT, BlackRock's spot Bitcoin ETF, as of September 30. This position is valued at approximately $442.8 million. Harvard has increased its IBIT investment by 257% from the 1,906,000 shares reported at the end of June. Similarly, the university significantly increased its holdings in GLD, one of the world's largest gold ETFs. Its holdings rose from 333,000 GLD shares at the end of June to 661,391 by the end of September. This represents a 99% increase, and the position is worth approximately $235 million. Related News: Death Cross Alert in Bitcoin (BTC) - Watch Out for Tomorrow, Analyst Warns This announcement, described as a “very important update” in the asset management industry, has particularly attracted the attention of investors tracking long-term capital flows. It's noted that large institutions continue to expand their positions despite short-term fluctuations in Bitcoin's price. The BTC price continued to decline throughout the day and is trading at $95,338 at the time of writing. *This is not investment advice. Continue Reading: Harvard University’s Bitcoin (BTC) Holdings Revealed – Major Purchases Made
