Harvard University's endowment maintained its position in BlackRock's iShares Bitcoin Trust (IBIT) through the second quarter. This halted two consecutive quarters of significant selling. A 13F filing showed Harvard Management Company held 3,044,612 shares. These shares were valued at $101.4 million as of June 30. This move signals a potential stabilization in institutional sentiment.
Other entities also maintained their positions. The Texas Treasury Safekeeping Trust Company held its 197,844 IBIT shares steady during the same period. This occurred despite a decline in value. However, the fund experienced net outflows of $78.9 million. These outflows occurred in the five trading sessions leading up to August 14. This indicates some broader selling pressure.