Harvard Endowment Dumps Ethereum ETF Entirely, Slashes IBIT by 43% — While Mubadala Buys the Dip!

Q1 2026 SEC 13F filings reveal a striking divergence in institutional crypto positioning. Harvard's endowment cut its BlackRock IBIT stake by roughly 43% to 3,044,612 shares — worth approximately $117 million — after already trimming the position by 21% in Q4 2025. More starkly, Harvard fully exited its $86.8 million position in BlackRock's spot Ethereum ETF, leaving zero exposure to ETH via the regulated wrapper.

The back-to-back reductions signal a deliberate de-risking rather than a one-off rebalance. Harvard's endowment is one of the most closely watched allocators in institutional finance; when it trims crypto exposure across two consecutive quarters and exits an ETH product entirely, the market reads it as a conviction shift, not a tactical trim.

On the other side of the trade, Abu Dhabi sovereign wealth fund Mubadala increased its IBIT holdings from 12,702,323 shares at…