- Bitcoin trades near $96K while short-term momentum looks weak.
- Harvard boosts IBIT from $117M to $443M in one quarter.
- Institutions and sovereign funds keep buying more Bitcoin.
Bitcoin slipped to around $96,000, down roughly 1.5% in the last 24 hours, as the broader crypto and stock markets pulled back. Analysts say the latest dip aligns with weakness in tech stocks, which reacted negatively to concerns that Donald Trump’s proposed tariff changes could increase the risk of stagflation — a mix of slow economic growth and high inflation.
However, despite the short-term price drop, one major development has caught the market’s attention. Harvard University has significantly increased its Bitcoin exposure through ETFs.
Harvard Triples Its Bitcoin ETF Holdings
A new regulatory filing revealed that Harvard now owns 6.8 million IBIT shares worth approximately $443 million, compared to just 1.9 million shares worth $117 million in Q2, marking about a 257% jump in exposure.
The university also boosted its gold ETF holdings to 661,000 GLD shares worth $235 million, almost double its previous position. This sudden shift has sparked discussion across the finance community, with many asking—“What does Harvard see coming?”
Institutional and Sovereign Players Keep Accumulating
Harvard is far from the only heavyweight increasing exposure to Bitcoin. As one expert put it, “Retail may be dead but sovereigns & institutions are buying.” Abu Dhabi’s sovereign wealth fund has quietly expanded its position to an estimated $422M in IBIT, while the Czech National Bank has reportedly joined the list of new Bitcoin buyers. JPMorgan has also increased its holdings, bringing its exposure to roughly $280M.
Bitcoin Price Slips
Bitcoin is trading lower this week after a wave of outflows hit major U.S. Bitcoin ETFs, adding fresh selling pressure to the market. The overall trend has turned weaker, and analysts say short-term momentum remains bearish.
Related: ETH Whale Activity Climbs as Big Holders Buy Into a Double Digit Price Drop
On the weekly chart, Bitcoin is now flashing an early warning sign from the SuperTrend indicator, something not seen since the start of the 2022 bear market. The signal will only confirm if Bitcoin closes the week below $96,000.
Bitcoin has already fallen below the key support range near $99,000 – $100,000, and the next major support area sits around $92,000 – $94,000 based on Fibonacci levels.
Related: Bitcoin Falls Below $96K, Yet Expert Says This Is The ‘Easiest Bear Market Ever’
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Source: https://coinedition.com/harvard-triples-bitcoin-exposure-as-price-falls-near-96k/
