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      tldr; Harvard and Brown University have invested in BlackRock’s iShares Bitcoin Trust (IBIT) ETF, according to Bloomberg analyst Eric Balchunas. Harvard holds $126.04 million worth of IBIT shares, making it the 29th largest holder among 1,300 holders, while Brown owns $14.05 million worth. The ETF tracks Bitcoin’s performance and has $86.33 billion in assets under management. Balchunas notes that endowments rarely invest in ETFs, making this a notable move by these Ivy League institutions.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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