Harvard University has reallocated $72 million from its Bitcoin ETF holdings to Ethereum, according to recent SEC filings. The university's $57 billion endowment reduced its stake in BlackRock's IBIT by 21% in Q4 2025, while initiating an $86.8 million position in iShares Ethereum Trust (ETHA). This marks Harvard's first disclosed investment in an Ethereum ETF since the launch of US spot ETH products in mid-2024. Despite the reduction, Bitcoin remains Harvard's largest single equity holding, underscoring its long-term confidence in the cryptocurrency. The move reflects a broader institutional trend favoring Ethereum, driven by network upgrades and increased adoption. As of now, crypto constitutes about 12.8% of Harvard's reportable US equity holdings, highlighting the university's commitment to digital assets.