Abu Dhabi’s Mubadala boosted its BlackRock IBIT position to nearly $660M while Harvard dumped its ether ETF and slashed bitcoin ETF exposure another 43%

14.7M IBIT shares at Mubadala plus ADIC/Al Warda’s unchanged 8.2M share count puts Abu Dhabi’s exposure in a different bucket from the endowment trade: sovereign reserve diversification dressed in ETF plumbing. The $92M value drop at ADIC came from IBIT price action, not selling, so the useful 13F datapoint is share count, not headline dollars. Harvard killing ETHA while Dartmouth adds a small Bitwise Solana Staking ETF sleeve leaves BTC with the sovereign-duration bid and ETH/SOL still being underwritten around staking yield, custody risk, and committee liquidity.

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