The State of Wisconsin Investment Board (SWIB) has increased its holdings in BlackRock Bitcoin ETF (IBIT), a recent SEC filing showed. This move underscores a growing trend among institutional investors toward Bitcoin ETFs, signaling a strong belief in the flagship crypto’s long-term potential. Notably, SWIB has also exited its position in the Grayscale Bitcoin Trust (GBTC), indicating a shift in its recent investment strategy.
Wisconsin Investment Board Raised Bets On BlackRock Bitcoin ETF
In a recent US SEC filing, the Wisconsin Investment Board disclosed its holdings of 2,898,051 shares of BlackRock iShares Bitcoin Trust (IBIT) as of June 30. This marks an increase from 2,450,400 shares reported in May. With an increase of 447,651 shares, the board holds around $99 million of BlackRock iShares Bitcoin Trust as of June 30.
Notably, this significant increase in their BlackRock Bitcoin ETF holdings reflects a growing confidence of the board in BTC’s long-term prospects as an investment asset. However, the board has noted a complete exit from Grayscale’s GBTC, where it previously held 1,013,000 shares as of May.
The post Just-In: Wisconsin Investment Board Buys More BlackRock Bitcoin ETF appeared first on CoinGape.
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