Solana news: Harvard Reduces Crypto ETF Exposure as Abu Dhabi Fund Increases Bitcoin Holdings
Institutional Crypto ETF Holdings Shift in Q1 2026
Recent SEC filings reveal significant changes in institutional crypto ETF holdings for the first quarter of 2026. Notably, Harvard University reduced its bitcoin ETF exposure and exited its ether ETF position, while Abu Dhabi's Mubadala sovereign wealth fund increased its stake in BlackRock’s iShares Bitcoin Trust ETF (IBIT).
Abu Dhabi's Mubadala Increases Bitcoin ETF Stake
Mubadala raised its IBIT holdings from 12,702,323 shares to 14,721,917 shares, valued at nearly $660 million as of 31 March. The Abu Dhabi Investment Council (ADIC) maintained its IBIT position at 8,218,712 shares, with a decrease in value reflecting market performance rather than selling activity. Reporting responsibilities for these holdings shifted from subsidiary Al Warda Investments to ADIC, with no change in beneficial ownership.
US University Endowments Adjust Crypto Exposure
Dartmouth College maintained its IBIT holdings and rotated its ether ETF exposure, while also acquiring 304,803 shares in the Bitwise Solana Staking ETF, worth approximately $3.67 million. This marks one of the first institutional endowment exposures to a Solana ETF. Brown University kept its IBIT position unchanged, and Emory University consolidated its bitcoin ETF holdings, increasing its Grayscale Bitcoin Mini Trust shares.
Harvard University Cuts Bitcoin and Exits Ether ETF
Harvard University reduced its IBIT holdings by 43% to 3,044,612 shares, valued at about $117 million, and fully exited its $86.8 million BlackRock spot Ethereum ETF position. IBIT is no longer Harvard's largest disclosed holding, with other assets such as Taiwan Semiconductor and Alphabet now taking precedence.
Traditional Institutions and Market Movements
Major banks, including the Royal Bank of Canada and Barclays, adjusted their IBIT positions and hedging strategies. Some entities, such as Hong Kong-based Laurore, reduced their IBIT holdings in response to the first-quarter market drawdown.
Emerging Institutional Interest in Solana
The addition of Solana ETF exposure by Dartmouth College signals growing institutional interest in Solana-based investment products, expanding beyond traditional bitcoin and ethereum allocations.
