Harvard’s endowment fund has sold its entire position in Ethereum (ETH). This move follows a recent trend of investors liquidating digital assets amid a prolonged cryptocurrency bear market.

Harvard University’s endowment fund has sold all of its Ethereum (ETH) holdings, marking a significant shift in its digital asset strategy. The university’s investment arm offloaded its entire stake in the second-largest cryptocurrency, possibly due to prevailing negative investor sentiment in the current bear market. This decision by a major institutional investor like Harvard highlights the ongoing volatility and risk perception surrounding cryptocurrencies, prompting a reevaluation of digital asset allocations among prominent funds.