Harvard Sells $87 Million Ethereum Position Amid Ongoing Market Decline
— Watcher.Guru
Harvard sold its $87 million Ethereum position during a price downturn.
Harvard Management Company has sold its entire $87 million worth of Ethereum (ETH) according to its Q1 13F filing with the SEC.
- Harvard sold its entire position in Ethereum as the market faces a downturn.
- ETH price has dipped to around $1800, possibly prompting Harvard's exit.
- The company is also reducing exposure to other assets amid market concerns.
Harvard's exit from Ethereum could increase selling pressure on ETH due to broader market declines and macroeconomic concerns.