Harvard Administration Firm, the entity that manages Harvard College’s endowment fund, bought all of its Ether (ETH) holdings after only one quarter, in keeping with 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 fall 2025, in keeping with its Q1 2026 SEC filing.
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 practically $117 million.
Harvard’s asset holdings as of Q1 2026. Supply: SEC
The change in holdings follows a turbulent yr for ETH, which has fallen by over 50% from the all-time excessive of practically $5,000 reached in August 2025, and several 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 exposure
Key personnel depart the Ethereum Basis, because the group receives flak
Julian Ma and Carl Beek, two researchers on the EF, just 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 organization in April. The departures observe a number of organizational and management modifications on the EF, which started in January 2025.
Supply: Josh Stark
In March, the EF published a mandate outlining its objectives and its concentrate on upholding decentralization, privateness, open-source software program code and censorship resistance.
Nonetheless, the mandate and the general stance of the group have been met with blended reactions from the crypto group.
The core pillars outlined within the EF’s mandate are “nice” and “value combating for,” in keeping with journalist Laura Shin, however the EF must also concentrate on 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 achieve market share,” Shin said.
Journal: Why is Ethereum Foundation selling? BTC futures warning signs: Market Moves
