Harvard Administration Firm, the entity that manages Harvard College’s endowment fund, bought all of its Ether (ETH) holdings after only one quarter, in response to its Q1 2026 United States Securities and Alternate Fee (SEC) submitting.
The endowment now not holds the $87 million in BlackRock iShares Ethereum Belief exchange-traded fund (ETF) shares, which it held in This autumn 2025, in response to its Q1 2026 SEC submitting.
Harvard additionally decreased its publicity to Bitcoin (BTC) in Q1 2026, offloading about 2.3 million Bitcoin ETF shares. The endowment fund nonetheless holds greater than 3 million shares of BlackRock’s iShares Bitcoin Belief ETF, valued at almost $117 million.
Harvard’s asset holdings as of Q1 2026. Supply: SEC
The change in holdings follows a turbulent 12 months for ETH, which has fallen by over 50% from the all-time excessive of almost $5,000 reached in August 2025, and a number of other high-profile departures on the Ethereum Basis (EF), the group that oversees the ecosystem.
Associated: Dartmouth endowment invests in Solana ETF, holds $14M in crypto publicity
Key personnel depart the Ethereum Basis, because the group receives flak
Julian Ma and Carl Beek, two researchers on the EF, lately introduced their departure from the group, bringing the whole variety of departures in 2026 to eight.
Josh Stark, a longtime researcher and former undertaking supervisor on the Basis, additionally left the group in April. The departures comply with a number of organizational and management modifications on the EF, which started in January 2025.
Supply: Josh Stark
In March, the EF revealed a mandate outlining its targets and its deal with upholding decentralization, privateness, open-source software program code and censorship resistance.
Nevertheless, the mandate and the general stance of the group have been met with combined reactions from the crypto neighborhood.
The core pillars outlined within the EF’s mandate are “nice” and “value combating for,” in response to journalist Laura Shin, however the EF must also deal with tokeneomics and elevating the value of its native asset, she added.
“The Ethereum Basis appears to need to sit again on its laurels and act above all of it when all its opponents are all getting down and soiled on the sector to realize market share,” Shin stated.
Journal: Why is Ethereum Basis promoting? BTC futures warning indicators: Market Strikes