The State of Wisconsin Investment Board (SWIB) has elevated its holdings in BlackRock Bitcoin ETF (IBIT), a latest SEC submitting confirmed. This transfer underscores a rising development amongst institutional buyers towards Bitcoin ETFs, signaling a powerful perception within the flagship crypto’s long-term potential. Notably, SWIB has additionally exited its place within the Grayscale Bitcoin Trust (GBTC), indicating a shift in its latest funding technique.
Wisconsin Investment Board Raised Bets On BlackRock Bitcoin ETF
In a latest US SEC filing, the Wisconsin Investment Board disclosed its holdings of two,898,051 shares of BlackRock iShares Bitcoin Trust (IBIT) as of June 30. This marks a rise from 2,450,400 shares reported in May. With a rise of 447,651 shares, the board holds round $99 million of BlackRock iShares Bitcoin Trust as of June 30.
Notably, this vital enhance of their BlackRock Bitcoin ETF holdings displays a rising confidence of the board in BTC’s long-term prospects as an funding asset. However, the board has famous an entire exit from Grayscale’s GBTC, the place it beforehand held 1,013,000 shares as of May.
Rupam Roy
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