The State of Wisconsin Investment Board (SWIB) has actually increased its investment in BlackRock’s iShares Bitcoin Trust (IBIT), according to a brand-new SEC filing today, as initially reported on X by MacroScope.
In an SEC filing today, the State of Wisconsin Investment Board reported owning 2,898,051 shares of the iShares Bitcoin Trust as of June 30 (valued at $98.9 million as of that date).
This is a boost from the 2,450,400 shares that Wisconsin formerly reported in May.…
— MacroScope (@MacroScope17) August 14, 2024
As of June 30, the board owns 2,898,051 shares, valued at $98.9 million. This marks a considerable boost of 447,651 shares from the 2,450,400 shares reported in May. Notably, the filing also exposed that the board no longer holds any position in the Grayscale Bitcoin Trust (GBTC), a modification from May when it reported holding 1,013,000 shares.
Earlier this year in May, SWIB ended up being the very first state pension to purchase area Bitcoin ETFs, signifying a another huge turning point in the combination of Bitcoin into conventional investment portfolios. The board’s choice to increase its investment in IBIT highlights a growing choice for direct Bitcoin direct exposure through area ETFs, showing wider institutional self-confidence in Bitcoin’s long-lasting capacity.
Despite the current down rate action in Bitcoin, cash continues to put into the area Bitcoin ETFs, with an overall combined inflow of $243.06 million because July 24.
U.S. 🇺🇸 Bitcoin Spot ETFs 👇 2 successive days of inflows pic.twitter.com/8txUOkdT61
— HODL15Capital 🇺🇸 (@HODL15Capital) August 14, 2024
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