Harvard’s Bitcoin ETF Investment a ‘Big deal,’ Bloomberg Analyst notes

Bloomberg analyst Eric Balchunas has commented on the Harvard Bitcoin investment in BlackRock’s IBIT. The analyst suggested that this investment is a big deal, given the difficulty in getting Endowment funds to invest in ETFs.

Why The Harvard Bitcoin Investment Is Huge

In an X post, the Bloomberg analyst opined that endowments are the hardest institution to hook, as they rarely “bite on ETFs.” This came as he noted that Harvard and Brown University have bought shares in BlackRock’s Bitcoin ETF.

He further remarked that the Harvard Bitcoin investment is “pretty sizable,” as the university is now the 29th biggest IBIT holder among 1,300 holders. Balchunas made these comments after an SEC filing revealed that Harvard Endowment holds $116.7 million worth of the Bitcoin ETF shares.

The Bloomberg analyst clarified that this investment is sizable from an ETF perspective. However, he claimed that it was “microscopic” from Harvard’s perspective. Meanwhile, Balchunas noted that it is unclear if the university is doing some larger trade or arbitrage with this investment. Regardless, he doubled down on his statement that endowments are notably anti-ETF.

The Harvard Bitcoin investment again underscores the growing interest in BTC among institutional investors. Michigan Pension Fund also revealed that it increased its Bitcoin investment in the Ark Invest BTC ETF to $11 million.

These institutional investments in Bitcoin ETFs are bullish for the BTC price and continue to serve as one of the catalysts for the flagship crypto’s gains this year. Bitcoin is up over 23% year-to-date (YTD) and recently rallied to a new all-time high (ATH) of $123,000.

Institutional Adoption Is Just Starting

In an X post, popular entrepreneur and Bitcoin bull Anthony Pompliano declared that institutional adoption has barely begun for BTC. This came as he noted that Harvard’s endowment now owns over $100 million of Bitcoin.

He claimed that the Harvard Bitcoin investment is just another data point that shows that the flagship crypto is coming to every “endowment, hospital system, pension fund, and charitable foundation.” He added that BTC is the best idea of this generation.

U.S. President Donald Trump is also contributing to this mainstream adoption of the flagship crypto. The president just signed an executive order that will allow 401(K)s to invest in digital assets, including Bitcoin.

Meanwhile, it is worth mentioning that Pompliano’s company, ProCap BTC, is currently one of the largest institutional Bitcoin investors. The company holds 4,932 BTC for its treasury reserve. It is currently ranked as the 16th largest Bitcoin treasury company, according to BitcoinTreasuries data.