Harvard had more money in BlackRock's Bitcoin ETF than Google shares at end of last quarter

• Harvard’s investment portfolio held $117 million worth of shares in BlackRock’s spot Bitcoin ETF at the end of 2025’s second quarter.
• The university’s holdings in the popular Bitcoin fund ranked as its fifth largest investment, just ahead of its investment in Google’s parent company Alphabet. 

Harvard University's investment portfolio held $117 million worth of shares in BlackRock's spot Bitcoin BTC -0.34%
 

ETF at the end of the second quarter, according to filing from Friday.

The university's investment in the Bitcoin fund ranked as its fifth largest investment, placing it just ahead of its investment in Google's parent company Alphabet. Harvard held nearly $114 million worth of Alphabet stock at the end of the fiscal period, the filing said. 

The Ivy League university's investment portfolio is managed by Harvard Management Co Inc. At the end of last quarter, its largest investment was in Microsoft, with shares worth over $310 million.

BlackRock's spot Bitcoin ETF, one of the most successfully launched exchange-traded funds in history, has become increasingly popular among institutional investors. At the end of the first quarter, an Abu Dhabi sovereign wealth fund's holdings in BlackRock's Bitcoin fund, ticker symbol IBIT, topped $500 million.

The fund currently has $84 billion in assets under management. 

Other Bitcoin ETFs are also drawing in institutional investors. Earlier this week, the State of Michigan Retirement System reported it held nearly $11 million worth of the ARK 21Shares Bitcoin ETF at the end of the second quarter, according to a filing.