Wisconsin Investment Board Sells Off $350M Stake In Bitcoin ETF
In what is a rather surprising development for the industry as a whole, the Wisconsin State Investment Board has completely sold off its entire $350 million stake in spot Bitcoin ETFs. Indeed, the US state pension fund exited its position in BlackRock’s iShares Bitcoin Trust (IBIT), according to its latest 13F filing with the US Securities and Exchange Commission (SEC). The US state had become the first of its kind to invest in the crypto-based ETF in 2024. Moreover, it had completely divested in the product in Q1 after Bitcoin plummeted more than 12%. In late 2024, the investment board had doubled its position in the asset before reversing course rapidly. Source: WSJ Also Read: Abu Dhabi’s Sovereign Wealth Fund Discloses $463M Bitcoin ETF Holdings Wisconsin Exits Bitcoin ETF Position in Major Shift After Landmark Investment in 2024 2025 has proven to be an increasingly volatile year for the cryptocurrency market. Among the most affected was Bitcoin. However, after a stark decline...