Diverging institutional convictions are on full display in the latest 13-F filings: Abu Dhabi's Mubadala added over $90 million to its already sizeable bitcoin ETF position, while the Abu Dhabi Investment Council held its 8.2 million IBIT shares flat through the first-quarter drawdown — a signal that Gulf sovereign capital is treating the dip as noise rather than a reason to reduce.
Harvard moved in the opposite direction. The endowment cut its IBIT holdings by another 43% and fully exited its $87 million ether ETF position, suggesting the university's risk committee has materially cooled on crypto exposure after the Q1 volatility.
Not every institution is retreating from altcoin risk, however. Dartmouth disclosed a new $3.67 million position in the Bitwise Solana Staking ETF — a small but notable first step into yield-bearing crypto for an Ivy League endowment.
The split read:…
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