Harvard and Abu Dhabi sovereign funds hold firm on Bitcoin ETF stakes

Harvard Management Company isn't budging on its crypto position. After slashing its Bitcoin holdings by 43% earlier this year, the university's endowment kept its stake in BlackRock’s IBIT steady throughout the second quarter. It's a signal of stability from one of the world's most watched institutional portfolios. Harvard isn't the only heavyweight standing pat while the market fluctuates. United Arab Emirates-based giants Mubadala Investment Company and the Abu Dhabi Investment Council also held their ground, maintaining a collective 22.9 million shares in the same spot Bitcoin fund. While retail traders often panic at the first sign of a dip, these institutional giants are playing a longer game. They've weathered the recent volatility without hitting the sell button again, suggesting the initial portfolio rebalancing is finished for now. Will other Ivy League endowments follow this lead and treat Bitcoin as a permanent fixture rather than a speculative experiment?