Harvard Management Company, the group responsible for managing Harvard University’s massive endowment fund, has officially exited its Ethereum position after holding it for only one quarter. According to its Q1 2026 SEC filing, the institution no longer owns the $87 million worth of shares it previously held in BlackRock’s iShares Ethereum Trust ETF. At the same time, Harvard also reduced part of its Bitcoin exposure by selling roughly 2.3 million Bitcoin ETF shares.

The move comes during a difficult period for Ethereum, with ETH trading more than 50% below its 2025 peak. While Harvard still maintains a sizable Bitcoin position valued at nearly $117 million, its complete Ethereum exit is already fueling discussions about how major institutions are reassessing risk, confidence, and long-term strategy within the crypto market.