Harvard University’s endowment manager, Harvard Management Company, sold its entire $87 million position in a spot Ether ETF during the first quarter of 2026 according to an SEC filing. The fund also reduced its Bitcoin ETF holdings while maintaining a $117 million position. This move coincides with a >50% decline in ETH’s price from its 2025 high and a series of personnel departures from the Ethereum Foundation.
The Harvard Management Company has divested all shares of the BlackRock iShares Ethereum Trust it held in late 2025. This information comes from its Q1 2026 SEC filing which outlined the change in holdings.
Harvard also sold approximately 2.3 million shares of Bitcoin ETF products in the same quarter. The endowment retains over 3 million shares of the iShares Bitcoin Trust valued at nearly $117 million.
Ether’s price has fallen significantly from its August 2025 peak of nearly $5,000. The Ethereum Foundation has also seen eight personnel departures in 2026, including researchers Julian Ma and Carl Beek.
Longtime researcher Josh Stark left the organization in April. These departures follow organizational changes that began in January 2025.
In March, the EF published a mandate focusing on decentralization and censorship resistance. The document received mixed reactions from the wider cryptocurrency community.
Journalist Laura Shin stated the core pillars were “great” and “worth fighting for.” However, she said “The Ethereum Foundation seems to want to sit back on its laurels and act above it all when all its competitors are all getting down and dirty on the field to gain market share.”
