Harvard Invests Heavily in Bitcoin ETFs, Gold Amidst Market Fluctuations

Harvard University has made a significant move in the investment world with its latest 13F filing. The university revealed holdings of approximately $442.8 million in IBIT, BlackRock’s spot Bitcoin ETF, representing a massive increase of 257% from previous figures. Their GLD position, another major investment focused on gold, also saw substantial growth, jumping from 333,000 shares to 661,391 by the end of September for a value of $235 million. These moves have prompted discussion among investors focusing on long-term capital trends, as large institutions continue to hold their ground despite recent price fluctuations in Bitcoin and gold markets. The overall market saw a decrease throughout the day, with BTC currently trading at $95,338 according to the latest data.