Harvard Management Company, which manages Harvard University's endowment, sold all of its Ether (ETH) holdings as of the end of the first quarter of 2026. According to a report filed with the U.S. Securities and Exchange Commission (SEC), the fund completely divested its $87 million stake in the BlackRock iShares Ethereum Trust ETF, which it held in the fourth quarter of 2025. This was reported by Cointelegraph.com .
Additionally, Harvard reduced its Bitcoin (BTC) assets in the first quarter of 2026, selling nearly 2.3 million Bitcoin ETF shares. Despite this, the university's endowment still holds over 3 million shares of the BlackRock iShares Bitcoin Trust ETF, with a total asset value of approximately $117 million.
This sharp sell-off of assets coincided with a difficult period for ETH. The price of Ethereum has fallen more than 50% from its record high of $5,000 in August 2025. Furthermore, the departure of several high-level staff from the Ethereum Foundation (EF), including researchers Julian Ma, Carl Beek, and Josh Stark, may have impacted investor confidence.
Organizational changes and leadership turnover within the Ethereum Foundation have been ongoing since January 2025. While the organization emphasizes decentralized systems, privacy, and open-source software, the crypto community has accused the EF of not paying enough attention to competitive tokenomics and increasing asset prices.
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