Bitcoin’s march to reclaim the $120,000 milestone once more is gaining tempo with a mixture of tightening provide and attention-grabbing occasions around the globe.
Harvard University not too long ago revealed its $116.6 million allocation to BlackRock’s IBIT Bitcoin ETF. Meanwhile, El Salvador is welcoming Bitcoin-focused funding banks, whereas regulatory delays have put Japan’s first crypto ETF on maintain.
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El Salvador Opens Door To Bitcoin Investment Banks
El Salvador has handed a landmark Investment Banking Law that permits regulated funding banks, that are distinct from industrial lenders, to carry Bitcoin and different digital belongings on their stability sheets. These establishments will cater solely to stylish buyers and are required to have a Digital Asset Service Provider license and at the very least $50 million in beginning capital.
The legislation, which was authorised on Thursday, successfully paves the best way for banks to decide on to function solely as Bitcoin banks. Government officers say the framework is designed to draw international capital and cement the nation’s standing as a crypto finance hub. Critics, nevertheless, warn that the advantages could largely favor rich establishments over on a regular basis Salvadorans.
This transfer comes as Japan’s entry into the Bitcoin ETF market is being held again. While US-based Bitcoin ETFs are making floor with inflows and jurisdictions like El Salvador transfer ahead, Japan is but to be residence to a Spot Bitcoin ETF.
There have been a number of experiences this week about Japan’s SBI Holdings submitting for spot crypto ETFs. However, the corporate has clarified that it has not but submitted any functions for crypto-related ETFs. Nonetheless, the corporate did word in its Q2 2025 earnings report that it’s planning to launch crypto-asset-linked funding trusts and ETFs upon regulatory approval.
Harvard University Commits Over $116 Million To Bitcoin ETF
Institutional confidence in Bitcoin obtained a serious enhance with Harvard University’s resolution to speculate $116.6 million into BlackRock’s IBIT spot Bitcoin ETF. This attention-grabbing funding was revealed in a latest submitting with the US Securities and Exchange Commission by the Harvard Management Company.
This sizable place elevates Bitcoin to a outstanding position inside Harvard’s fairness portfolio, which is a notable shift in its funding decisions, significantly following its resolution final quarter to reduce publicity to a number of main Big Tech shares. According to the submitting, the endowment bought 1.9 million shares of iShares Bitcoin Trust, valued at $116.6 million. This worth locations Bitcoin because the fifth-largest holding in Harvard’s fairness portfolio behind Microsoft, Amazon, Booking Holdings, and Meta.
Harvard’s allocation aligns carefully with funding developments within the US, as US spot Bitcoin ETFs have attracted greater than $54 billion in inflows since their launch in early 2024.
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The transfer comes at a time when liquidity on main exchanges is tightening, and it has contributed to an improve in bullish sentiment surrounding Bitcoin.
At the time of writing, Bitcoin is buying and selling at $118,320, up by 4% prior to now seven days.
Featured picture from Unsplash, chart from TradingView
