Harvard University significantly increased its Bitcoin exposure in Q3, holding 6.8 million shares of BlackRock’s iShares Bitcoin Trust valued at $442.8 million. This highlights a shift in the school’s investment strategy towards Bitcoin, following a trend of universities investing in Bitcoin ETFs like Brown and Emory University.

Emory University disclosed 1 million shares of Grayscale Bitcoin Mini Trust worth $52 million, up from the previous quarter. They also reported a small position in iShares Bitcoin Trust shares worth around $289,000. This shows a growing trend of universities investing in cryptocurrency-related assets.

Spot Bitcoin ETFs experienced sharp outflows, losing nearly $867 million on Thursday and another $462 million on Friday. Despite Bitcoin’s price drop, university endowment disclosures reflect a longer-term investment strategy supported by BlackRock’s popular ETF. This indicates confidence in Bitcoin’s potential despite short-term fluctuations.

Read more at Yahoo Finance: Harvard Triples Its Bitcoin Position as Emory Expands BTC ETF Holdings