Ah, the Ivy League-where academic excellence meets… cryptocurrency? Yes, dear reader, Harvard and Brown Universities have decided that Bitcoin is the new Latin. According to a filing with the United States Securities and Exchange Commission (SEC), Harvard University has doubled down on its investment in BlackRock’s iShares Bitcoin Trust (IBIT). By June 30, they held a whopping 1,906,000 shares, valued at $116.6 million. Truly, nothing screams “higher education” like speculative digital assets. 🎓₿
Meanwhile, Brown University, not to be outdone, reported holding 212,500 shares of IBIT, worth around $13 million. Apparently, they started small with 105,000 shares back in March 2025 and thought, “Why not double it? After all, what’s a little volatility between friends?” Bloomberg’s Eric Balchunas noted that these endowments are helping IBIT grow faster than ivy on a library wall. 🌿📈
BlackRock’s IBIT: The Bitcoin Kingpin?
Let us now bow our heads in reverence to BlackRock’s IBIT, which has amassed over $86 billion in net assets under management. Since its debut, IBIT has raked in about $57.4 billion in cash inflows, leaving its Gold ETF counterpart in the dust. It seems even institutional investors can’t resist the allure of shiny digital coins. Meanwhile, other spot Bitcoin ETFs, such as Fidelity’s FBTC and Ark’s ARKB, are also enjoying their time in the sun-or should we say, the blockchain? ☀️🔗
And let’s not forget Michigan’s state pension fund, which reportedly owns 300,000 shares of the Ark Bitcoin ETF, valued at $10.7 million. One wonders if retirees will soon be trading bingo nights for bull runs. 🎯💸
Market Impact: A Tale of Supply, Demand, and Hype
The insatiable appetite for Bitcoin among spot BTC ETF issuers has created quite the supply vs. demand melodrama. Corporations, led by Strategy Inc., are jumping on the Bitcoin treasury bandwagon, with over 3.6 million BTCs now held for this purpose. Market data suggests that Bitcoin is poised for a rally so explosive, it might make 2017 look like a warm-up act. 🚀✨
Indeed, Bitcoin appears to have entered its “price discovery phase,” which is a fancy way of saying, “Hold onto your hats, folks!” Whether this parabolic rise will benefit everyone or just leave some clutching their pearls remains to be seen. But one thing is certain: the Ivy League has spoken, and Bitcoin is officially part of the curriculum. 📚💡
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2025-08-09 02:18