Wisconsin increases Bitcoin ETF Holdings and goes all-in on BlackRock

The state of Wisconsin’s Investment Board has its exposure to Bitcoin By buying more shares in a prominent one Crypto ETF.

A legal submission to the Securities and Exchange Commission to show That the SWIB now owns more than 6 million shares of BlackRock’s Ishares Bitcoin Trust (IBIT) fund, worth $ 335.9 million from this letter.

Last year, The Swib made public It had shares of both the BlackRock and the Grayswaarde Bitcoin ETFs at that time jointly purchased $ 163 million, but the application from Friday shows that his crypto exposure is now exclusively with IBIT.

The SWIB is responsible for the pension funds of the citizens and other trusts in the Midwestern State. It makes all kinds of investments, from technical shares to gold.

The sec last year approved 11 Spot Bitcoin ETFs, so that the products can act at American stock exchanges after a decade of refusal exports. Investors can now buy shares that follow the price of Bitcoin and do not have to worry about storing the active itself.

Since their approval, investment capital flooded The space and bitcoin have broken new price heights of all time, most recently marked a peak of $ 109,000 in January.

Institutional investors can now gain access to the crypto room via the regulated funds.

Other American pension funds also buy exposure to crypto. Last year, for example, the state of Michigan Retirement System made public that it had bought shares in both Bitcoin and Ethereum ETFs.

Edited by Andrew Hayward