Recent developments in the cryptocurrency market highlight a divergence in strategies as Harvard’s endowment significantly increased its exposure to Bitcoin through regulated ETFs, even with record outflows of spot-based crypto exchange traded funds (ETFs). While other institutions are scaling back their Bitcoin holdings amidst short-term market volatility, Harvard appears committed to long-term investment in the asset. SEC filings reveal that Harvard’s iShares Bitcoin Trust (IBIT) holdings jumped from 1.9 million shares in Q2 to an impressive 6.813 million shares by quarter-end in Q3 2025, amounting to approximately $443 million. Emory University also saw a similar surge in its crypto allocation, raising its Grayscale Bitcoin Mini Trust stake to about $52 million. These moves stand in stark contrast to the recent record outflows of more than $1.3 billion experienced by spot Bitcoin ETFs between November 14-15, 2025, and as Bitcoin’s price slipped from roughly $107,000 to below $95,000 during the week. Analysts suggest these institutional purchases signify a deliberate commitment to Bitcoin from long-term investors in spite of short-term market fluctuations.