Harvard Reports $116M Stake in BlackRock’s iShares Bitcoin ETF in Latest Filing

Harvard Management Company, which oversees the university’s $50 billion endowment, disclosed a $116 million position in BlackRock’s iShares Bitcoin Trust (IBIT) in its latest quarterly filing with the U.S. Securities and Exchange Commission (SEC). The stake, reported in a Form 13-F on Friday covering holdings as of June 30, 2025, represents one of the largest known bitcoin allocations by a U.S. university endowment. IBIT, launched in January of last year, is a spot bitcoin exchange-traded fund that allows investors to gain exposure to the cryptocurrency without directly holding it. The position places the university among a growing cohort of institutional investors — from hedge funds to pension systems — adding regulated bitcoin products to their portfolios. The disclosure comes as total assets across U.S. spot bitcoin ETFs have climbed into the tens of billions of dollars, driven by both retail inflows and large-scale institutional allocations. For endowments, the ETF structure offers daily liquidity and SEC oversight, which can help meet governance and compliance requirements for alternative investments. Harvard didn’t provide further comment on the filing. Read more: U.S. Endowments Are Leaning Into Crypto: FT Powered by WPeMatico

Sui Jumps 4% as Swiss Banks Expand Regulated Access for Institutional Clients

Sui’s (SUI) price rose 4% in the past 24 hours to $3.82 as Swiss digital asset bank Sygnum expanded its offerings to include custody, trading and lending products tied to the blockchain for its institutional clients. The move means regulated investors in Switzerland can now hold, trade and borrow against SUI through Sygnum’s platform, broadening access to the layer-1 blockchain’s ecosystem. The bank’s services are aimed at professional and institutional investors seeking exposure under Swiss financial regulations. Earlier this week, another Swiss institution, Amina Bank, said it had started offering both trading and custodial services for SUI. Amina described the step as making it the first regulated bank globally to support the blockchain’s native asset. The announcements appear to have spurred market activity. CoinDesk Analytics data shows trading volume spiked to 36.45 million tokens over midnight, more than double the 14.31 million daily average, as buyers stepped in to defend a support zone between $3.72 and $3.74. That level has held since mid-July, suggesting short-term traders see it as a key price floor. SUI’s daily gains track closely with the broader crypto market, as measured by the CoinDesk 20 Index (CD20), which climbed 4.5% in the past day. The token’s monthly performance is also positive, up 7% over the past 30 days, but significantly lower than the broader market, with the CD20 up 24%. For institutional clients, the expansion of regulated access to newer blockchain projects like Sui represents more than just another trading option. It signals growing comfort among banks with integrating blockchain networks beyond the largest, most established assets. In practice, this could mean asset managers, corporate treasuries and high-net-worth clients have more ways to diversify holdings without leaving regulated frameworks. Sui, developed by Mysten Labs, aims to offer high-speed, low-cost transactions using a novel data structure called “objects” to improve scalability. Wider access through banks like Sygnum and Amina could help it compete for developer attention and real-world applications. If demand for bank-mediated blockchain exposure continues to grow, Sui may find itself in a stronger position to attract not only speculative traders but also enterprise adoption. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. Powered by WPeMatico

Ether to $4.4K? This Hidden Signal Suggests a Possible Quick Fire Rally

A hidden signal from the derivatives market suggests that ether’s (ETH) rally could intensify, lifting valuations quickly to $4,400. The indicator under consideration is the net gamma exposure of dealers/market makers in the Deribit-listed ether options market. Gamma is the critical metric for options traders, measuring how an option’s delta, or its sensitivity to the underlying asset’s price, changes in response to market moves. When dealers are short gamma, they are forced to buy the underlying asset as its price rises and sell as its price falls, which often amplifies directional moves. Dealers provide liquidity to the order book and make money from the bid-ask spread while constantly striving to maintain a price-neutral net exposure. At press time, there was a notable buildup of short gamma between strikes $4,000 and $4,400, according to data source Amberdata. With ether crossing above $4,000, dealers could buy the asset to hedge their exposure, creating a self-reinforcing positive feedback loop that could rapidly propel the price higher to $4,400. That’s a level where the gamma dynamic shifts positive, requiring dealers to trade against the market and arrest the price volatility. This makes the $4,400 a logical price magnet for the ongoing rally. “If the momentum in the market is strong enough to get through $4,000, we see dealers also become net buyers of ETH at higher prices, potentially leading to a quick rally to $4,400, the next big gama inventory level,” Greg Magadini, director of derivatives at Amberdata, told CoinDesk. Powered by WPeMatico

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