Bitcoin’s march to reclaim The $120,000 mark is again gaining momentum. combination of tightening supply Interesting events from around the world.
Harvard University revealed that it has allocated $116.6 Million to BlackRock’s IBIT Bitcoin Fund. El Salvador welcomes Bitcoin-focused banks while Japan’s first cryptocurrency ETF is on hold due to regulatory delays.
Read Related Articles
El Salvador Opens Door To Bitcoin Investment Banks
El Salvador passed an important Investment Banking Law allowing regulated investment bankers, who are separate from commercial banks, to have Bitcoins and other digital currencies on their balance sheet. They will only cater to sophisticated investors. To do so, they need a Digital Asset Service Provider licence and at least 50 million dollars in initial capital.
This law was passed on Thursday and allows banks to become Bitcoin-only banks. Officials from the government say that the framework was designed to bring in foreign capital, and solidify the status of El Salvador as a hub for crypto-finance. Critics warn, however, that these benefits might primarily favor wealthy institutions rather than everyday Salvadorans.
Japan is currently being prevented from entering the Bitcoin ETF Market. As US-based Bitcoin ETFs gain ground, and countries like El Salvador progress forward with their Bitcoin ETFs, Japan still has not launched a Spot Bitcoin ETF.
It was a solitary, lonesome place. multiple reports this week SBI Holdings, a Japanese company, has filed for ETFs that track spot cryptocurrency. The company, however clarifies that they have not filed any applications to launch crypto-related exchange traded funds. In its earnings report for Q2 of 2025, however, the company noted that it plans to launch ETFs and investment trusts linked to crypto assets upon approval by regulators.
Harvard University commits over $116 million to Bitcoin ETF
Harvard University’s announcement of its support for Bitcoin has given a significant boost to institutional confidence. decision to invest BlackRock IBIT Spot Bitcoin ETF – $116.6 Million. A very interesting investment has been revealed in a recent filing Harvard Management Company filed an application with US Securities and Exchange Commission.
The large position of Bitcoin in Harvard’s equity investment portfolio is an important shift, especially after the decision to reduce exposure to major Big Tech companies last quarter. The filing states that the endowment bought 1.9 millions shares of iShares Bitcoin Trust valued at $116.6 Million. The value of Bitcoin is the fifth largest holding in Harvard’s equity portfolio, behind Microsoft, Amazon and Booking Holdings.
Harvard’s allocation is aligned closely with investment trends in the USSince their debut in 2024, US Bitcoin ETFs attracted inflows of more than 54 billion dollars.
Read Related Articles
This move has been made at a moment when the liquidity of major exchanges are tightening. It also contributed to an increase in bullish sentiment Bitcoin:
Bitcoin’s price is $118.320 as of the writing. This represents a 4% increase in the previous seven days.
Chart from TradingView, image from Unsplash
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: www.newsbtc.com
