Ethan Hynds
bitcoin

Bitcoin is Here

You just have to look in the right place

Once you see the signs, it becomes impossible to ignore.

The approval of the first spot Bitcoin ETFs were the starting gun for institutional Bitcoin adoption. Somehow, most people haven’t noticed the massive milestones that have been building up over the past few years.

$10B+
Net spot Bitcoin ETF inflows
Trailing 12 months

The Ivy League

In November 2025, Harvard endowment filings showed that IBIT — the spot Bitcoin ETF — was Harvard’s largest public position.

Bitcoin ETF exposure became the single largest publicly disclosed equity position in the endowment.

— Harvard Management Company, 13F filing (Nov 2025)

A short timeline

  1. Jan 2024
    Spot Bitcoin ETFs approved

    The SEC clears 11 spot ETFs. IBIT and FBTC become the fastest-growing ETFs in history within months of launch.

  2. May 2024
    State pension funds disclose holdings

    Wisconsin’s investment board files the first 13F showing direct spot ETF exposure. Michigan and others follow.

  3. Nov 2025
    Ivy League endowments follow

    Harvard, Brown, and other endowments reveal Bitcoin ETFs as top public holdings.

The banks are coming next

Citigroup announced a Bitcoin-for-corporations product line. Several other top-10 US banks have publicly committed to custody and trading services.