[Harvard University Establishes Ethereum ETF Position for the First Time in Q4 2025 and Reduces Bitcoin ETF Holdings by Approximately 21%] According to a report by Jinse Finance, the latest disclosure from Harvard University's fund management entity, Harvard Management Company, reveals that in the fourth quarter of 2025, it reduced its Bitcoin ETF holdings by approximately 21% while establishing an Ethereum ETF position for the first time. The total exposure to the two major crypto assets amounted to approximately $352.6 million. As of December 31, 2025, Harvard held approximately 5.35 million shares of BlackRock's IBIT, valued at $265.8 million, a decrease of approximately 1.48 million shares from the previous quarter's 6.81 million shares. At the same time, it initiated a position in the iShares Ethereum Trust, holding approximately 3.87 million shares valued at approximately $86.8 million, marking the fund's first public disclosure of an allocation to Ethereum-related products. Despite the reduction, Bitcoin remains Harvard's largest publicly disclosed equity asset holding, surpassing its holdings in Alphabet, Microsoft, and Amazon.