A recent filing by Harvard Management Company, the fund manager for Harvard University, reveals that it reduced its Bitcoin ETF holdings by approximately 21% in the fourth quarter of 2025, while simultaneously establishing its first Ethereum ETF position. Its total exposure to the two major crypto assets is approximately $352.6 million. As of December 31, 2025, Harvard held approximately 5.35 million shares of BlackRock's IBIT, valued at $265.8 million, a decrease of approximately 1.48 million shares from the previous quarter's 6.81 million shares. At the same time, it established a new position in the iShares Ethereum Trust, holding approximately 3.87 million shares, valued at approximately $86.8 million, marking the fund's first publicly disclosed allocation to Ethereum-related products. Despite the reduction, Bitcoin remains Harvard's largest publicly disclosed equity holding, exceeding its holdings in Alphabet, Microsoft, and Amazon. (The Block)