Summary of changes in crypto ETF positions in universities and sovereign funds: Abu Dhabi bucked the trend and increased its holdings in IBIT Harvard University cleared Ethereum ETF

On May 17, sovereign wealth funds, universities and banks recently disclosed their 13F position reports for the first quarter of 2026. In terms of sovereign wealth funds, Abu Dhabi sovereign wealth fund Mubadala has increased its holdings in BlackRock's iShares Bitcoin Trust ETF, increasing its holdings from the previous 12,702,323 shares to 14,721,917 shares, adding more than US$90 million in new positions, with a total value of nearly US$660 million. Mubadala's Abu Dhabi Investment Committee (ADIC) maintained its IBIT position unchanged. It holds 8,218,712 IBIT shares worth US$315.8 million. Endowments from several universities reported that their positions in cryptocurrency ETFs remained largely stable. The Harvard Endowment reported holding 3,044,612 shares of IBIT, valued at approximately $117 million. This is a 43% decrease from the 5.35 million IBIT shares held at the end of 2025, after Harvard University reduced its holdings by 21% in the fourth quarter. IBIT is no longer its largest position (overtaken by TSMC, Alphabet, Microsoft, SPDR Gold Trust). Harvard University also completely cleared the US$86.8 million BlackRock Ethereum spot ETF that was opened in the previous quarter. At the same time, Brown University maintained its 212,500 shares of IBIT, while Emory University reduced its Bitcoin fund holdings from two to one. The school cleared its 4,450 IBIT shares and increased its share of GrayscaleBitcoinMiniTrust to 1,354,148 shares from just over 1 million shares previously. Traditional financial institutions are also actively rebalancing and hedging positions. Royal Bank of Canada (RBC) increased its direct stake in IBIT and increased the use of put and call options for hedging. Canada's Scotiabank increased its holdings of 214,370 IBIT shares after liquidating its previous holdings of Trump-related U.S. Bitcoin stocks. Barclays also disclosed its IBIT positions, including approximately 4.46 million spot stocks and a large number of put and call options positions associated with the ETF. Hong Kong-based Laurore has reduced its IBIT stake to 6,846,279 shares from 8,786,279 shares.