Second-quarter filings show the Harvard endowment holding its entire 3 million share IBIT position worth $101.4 million, ranking eleventh among its disclosed equity holdings at 2.4% of a $4.26 billion book, while it exited its Ethereum ETF allocation completely during 2026. Jane Street disclosed a $990 million Bitcoin ETF position including $828 million in IBIT. The split treatment of Bitcoin versus Ether among sophisticated allocators is the detail worth watching here.