Harvard University has made IBIT its largest single holding, according to Bloomberg ETF analyst Eric Balchunas. In its latest 13F report, Harvard revealed that IBIT was also its most significant increase in holdings for the third quarter. This move is notable as it is rare and challenging for large university endowments, such as those of Harvard and Yale, to invest in ETFs. The $500 million investment represents about 1% of Harvard's total endowment but is significant enough to place Harvard as the 16th largest holder of IBIT.