Here is why Harvard trimmed bitcoin and bought ether and why the move is bullish for crypto

Volatility and private equity cash needs, not a market bet, may explain the endowment’s crypto shift, experts say. What to know : Harvard trimmed its bitcoin holdings amid heightened volatility and liquidity needs, a move analysts say likely reflects risk management rather than a fundamental shift away from the asset. At the same time, the endowment bought nearly 3.9 million shares of BlackRock’s ether ETF, signaling growing institutional interest in crypto assets beyond bitcoin. Experts say Harvard’s moves illustrate a broader trend of large investors rebalancing liquid holdings to meet private equity commitments while gradually diversifying into Ethereum and other crypto exposures as U.S. regulations become clearer.