CoinSpotMarket Update
Bitcoin Holds Above Key Level; Landmark DeFi Deal & Harvard Buys Ethereum ETF
3 minutes
8 days ago
3 minutes
8 days ago
Bitcoin (BTC) looks to have found support in the $90,000s after heavy selling throughout the start of February. That latest burst of selling pushed several technical indicators to levels not seen in multiple years, suggesting the market was due for a breather.
As shown in the chart below, the 200-week moving average (MA), currently at $89,000, provided support during the latest sell-off. Bitcoin has not closed below this closely-watched long-term momentum indicator since March 2023. In 2022, BTC spent most of the year trading near or below that indicator.
Bitcoin continues to hold above the 200-week MA, which is currently $89,000
BlackRock, the world’s largest asset manager, made its first formal move into decentralised finance (DeFi) by bringing its tokenised U.S. Treasury fund to Uniswap.
Specifically, BlackRock USD Institutional Digital Liquidity Fund (BUIDL) will be listed on Uniswap, allowing institutional participants to buy and sell the tokenised security on a DeFi platform. Access will be restricted to eligible institutions and market makers before any broader rollout. The deal was facilitated by Securitize, a leading company specialising in asset tokenisation and real-world assets (RWAs).
“This collaboration with Uniswap Labs alongside Securitize is a notable step in the convergence of tokenised assets with decentralised finance. The integration of BUIDL into UniswapX marks a major leap forward in the interoperability of tokenised USD yield funds with stablecoins,” said Robert Mitchnick, Global Head of Digital Assets at BlackRock.
As part of the announcement, BlackRock said it had purchased an undisclosed amount of Uniswap’s governance token, UNI, signalling a deeper commercial alignment than a simple listing.
Underscoring the seriousness and deliberateness behind this landmark collaboration, Uniswap founder Hayden Adams told Fortune that it was the result of 18 months of meetings with BlackRock.
Harvard Management Company (HMC), the investment arm overseeing Harvard University’s endowment, disclosed acquiring about $123 million ($87 million USD) worth of iShares Ethereum Trust (ETHA) in Q4 2025.
This is the first time the endowment, one of the world’s largest, has reported having exposure to Ethereum (ETH). ETHA is a spot ETF offered by BlackRock that aims to track the price of ETH by holding it in custody on behalf of the trust. It lets people get ETH price exposure from their traditional brokerage accounts.
Harvard’s Q4 filings also revealed that the endowment reduced its position in BlackRock’s iShares Bitcoin Trust (IBIT) by approximately 14%. Despite the reduction, IBIT remains Harvard’s largest publicly disclosed holding at $376 million ($266 million USD).
Separately, filings this week revealed that Mubadala, a sovereign wealth fund in Abu Dhabi, increased its Bitcoin exposure via ETFs in Q4 2025. It reported a 46% increase in IBIT holdings compared to Q3. These were valued at $892 million ($631 million USD) as of December 31.
