2 weeks ago
Harvard Management Company, the entity that manages Harvard University’s endowment fund, sold each of its Ether (ETH) holdings aft conscionable 1 quarter, according to its Q1 2026 United States Securities and Exchange Commission (SEC) filing.
The endowment nary longer holds the $87 cardinal successful BlackRock iShares Ethereum Trust exchange-traded money (ETF) shares, which it held successful Q4 2025, according to its Q1 2026 SEC filing.
Harvard besides reduced its vulnerability to Bitcoin (BTC) successful Q1 2026, offloading astir 2.3 cardinal Bitcoin ETF shares. The endowment money inactive holds much than 3 cardinal shares of BlackRock’s iShares Bitcoin Trust ETF, valued astatine astir $117 million.
Harvard's plus holdings arsenic of Q1 2026. Source: SEC
The alteration successful holdings follows a turbulent twelvemonth for ETH, which has fallen by implicit 50% from the all-time precocious of astir $5,000 reached successful August 2025, and respective high-profile departures astatine the Ethereum Foundation (EF), the enactment that oversees the ecosystem.
Related: Dartmouth endowment invests successful Solana ETF, holds $14M successful crypto exposure
Key unit permission the Ethereum Foundation, arsenic the enactment receives flak
Julian Ma and Carl Beek, 2 researchers astatine the EF, precocious announced their departure from the organization, bringing the full fig of departures successful 2026 to eight.
Josh Stark, a longtime researcher and erstwhile task manager astatine the Foundation, besides left the organization successful April. The departures travel respective organizational and enactment changes astatine the EF, which began successful January 2025.
Source: Josh Stark
In March, the EF published a mandate outlining its goals and its absorption connected upholding decentralization, privacy, open-source bundle codification and censorship resistance.
However, the mandate and the wide stance of the enactment were met with mixed reactions from the crypto community.
The halfway pillars outlined successful the EF’s mandate are “great” and “worth warring for,” according to writer Laura Shin, but the EF should besides absorption connected tokeneomics and raising the terms of its autochthonal asset, she added.
“The Ethereum Foundation seems to privation to beryllium backmost connected its laurels and enactment supra it each erstwhile each its competitors are each getting down and soiled connected the tract to summation marketplace share,” Shin said.
Magazine: Why is Ethereum Foundation selling? BTC futures informing signs: Market Moves
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