Harvard Management Company reshaped its crypto book in Q4 2025 by trimming about 1.48 million shares of BlackRock’s iShares Bitcoin Trust, cutting Bitcoin exposure, and initiating a new stake in BlackRock’s iShares Ethereum Trust worth roughly $86.8 million, bringing the combined BTC and ETH ETF exposure to about $352.6 million by year-end.

Bitcoin traded near $68,000 at the time, roughly half its October peak of $126,000, underscoring a broader pullback in crypto markets.

The move reflects a broader institutional trend toward diversifying beyond Bitcoin to include Ethereum and its ecosystem.

DOGEBALL presents an early-pricing, utility-driven profile linked to gaming activity, appealing to investors seeking pre-market exposure with clear use cases.

The presale appeal for DOGEBALL hinges on visible infrastructure, real-world utility, timely market entry, a testable Layer 2 gaming ecosystem, partnerships with developers, and tokenomics that include liquidity, staking, and development allocations.

The report is part of a brief Decrypt ‘Morning Minute’ digest, with related crypto items in the feed indicating routine daily coverage rather than a deep feature.

This piece sits among other crypto news, illustrating a broader, stitched-together briefing rather than a singular focus.

The Har vard moves come amid evolving regulatory clarity and growing institutional acceptance of crypto investment vehicles, signaling a trend toward diversified crypto exposure.

TRON (TRX) shows institutional-style conviction through treasury expansion, with holdings over 681 million TRX, signaling long-term ecosystem growth versus high-risk presales.

Future factors likely shaping endowment crypto strategies include more ETF approvals, infrastructure maturation, regulatory clarity, performance tracking, and university education initiatives.

AI-related market nervousness and valuation concerns were cited by experts as possible influences on tech stock adjustments within endowment portfolios.

The article notes SEC filings (13F) as the basis for Harvard’s reported moves and places them in the context of Harvard’s broader endowment strategy and current market conditions.