Harvard, UAE Funds Hold Bitcoin ETF Stakes Steady in Q2
US spot bitcoin ETFs, approved in 2024, gave university endowments and sovereign wealth funds a regulated route to bitcoin exposure without holding the token directly. Positions held by Harvard Management Company, which oversees Harvard University's endowment, and Abu Dhabi investors Mubadala Investment Company and the Abu Dhabi Investment Council are closely watched as signals of how large, long-horizon institutions are treating digital assets.
Form 13F filings released Aug. 14 showed Harvard Management Company held its 3,044,612 shares of BlackRock's iShares Bitcoin Trust, or IBIT, unchanged as of June 30, 2026. The stake was worth about $101.4 million at quarter-end, after Harvard cut the position 43% in the first quarter. Mubadala and the Abu Dhabi Investment Council also stood pat, retaining a combined 22,940,629 IBIT shares valued at roughly $763.7 million.
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The history behind this eventHarvard Fund Slashes Bitcoin and Ether ETF Stakes as Abu Dhabi’s Mubadala Adds Exposure
U.S. institutional investment managers must file Form 13F with the SEC each quarter to disclose their U.S. equity and ETF positions. Although the data can lag the quarter-end by as much as 45 days, the filings remain an important window into how large investors allocate capital. Harvard Management Company and Abu Dhabi sovereign wealth fund Mubadala took opposite approaches to crypto ETFs, highlighting a sharp divergence in institutional investment strategies.
First-quarter filings released in May 2026 and covering positions as of March 31 showed that Harvard Management Company cut its stake in BlackRock’s Bitcoin ETF, IBIT, by 43% to 3.04 million shares, worth about $117 million. It also exited its entire Ether ETF position, which had been valued at $86.8 million in the previous quarter, making TSMC its largest holding. Mubadala, by contrast, increased its position by 16% to 14.72 million shares, worth about $566 million.
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