Bitcoin investment
Harvard University’s endowment has made a significant investment in Bitcoin, committing $443 million to BlackRock’s Bitcoin exchange-traded fund, IBIT. This move marks a notable shift for the prestigious institution, which has historically been cautious about cryptocurrency investments. The decision reflects a growing trend among institutional investors exploring digital assets as part of their portfolios. By investing in BlackRock’s IBIT, Harvard aims to capitalize on the potential of Bitcoin while aligning with a major player in the financial sector. The endowment’s foray into cryptocurrency underscores the increasing acceptance of Bitcoin and similar assets among traditional investment firms.
This update was auto-syndicated to Bpaynews from real-time sources. It was normalized for clarity, SEO and Google News compatibility.
