Bitcoin ETF

Bitcoin

BlackRock

<p>The State of Wisconsin Investment Board has increased its holdings in BlackRock’s iShares Bitcoin Trust, as revealed in a recent SEC filing.&nbsp;</p> 
<p>A U.S. SEC <a href="https://www.sec.gov/edgar/search/#/q=Bitcoin&amp;dateRange=custom&amp;entityName=Wisconsin&amp;startdt=2024-05-14&amp;enddt=2024-05-14" target="_blank" rel="">filing</a> on August 14 shows that the State of Wisconsin now holds almost 2.9 million shares of <a href="https://crypto.news/tag/blackrock/" data-type="link" data-id="https://crypto.news/tag/blackrock/" target="_blank" rel="noreferrer noopener">BlackRock’s</a> iShares Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" data-type="link" data-id="https://crypto.news/price/bitcoin/" rel="noreferrer noopener">BTC</a>) Trust worth approximately $99.1 million.</p> 
<p>SWIB’s IBIT holdings rose by 447,651 shares, bringing the total to 2,898,051, meaning the board spent approximately $14 million to acquire more shares.</p> 
<p>This move marks a shift in SWIB’s investment strategy, as the board has fully exited its position in the <a href="https://crypto.news/tag/Grayscale/" target="_blank" data-type="link" data-id="https://crypto.news/tag/Grayscale/" rel="noreferrer noopener">Grayscale</a> Bitcoin Trust, where it previously held 1,013,000 shares.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">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).<br><br>This is an increase from the 2,450,400 shares that Wisconsin previously reported in May.…</p>— MacroScope (@MacroScope17) <a href="https://twitter.com/MacroScope17/status/1823742878046195865?ref_src=twsrc%5Etfw" target="_blank" rel="">August 14, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p> You might also like: <a href="https://crypto.news/bitcoin-is-bullish-because-rate-cuts-are-coming-bitfinex/"> Bitcoin is bullish because rate cuts are coming: Bitfinex </a> </p> 
<h2 class="wp-block-heading" id="bitcoin-confidence">Bitcoin confidence</h2> 
<p>The board, which manages public funds, <a href="https://crypto.news/bitcoin-etfs-wisconsin-holdings-crypto/">purchased over</a> 1 million Grayscale GBTC shares valued at more than $63.3 million earlier this year, but now they are holding BlackRock’s BTC ETF.</p> 
<p>This increase in IBIT holdings reflects growing institutional confidence in Bitcoin, with SWIB opting for direct Bitcoin exposure through spot ETFs. Wisconsin’s investment underscores the growing institutional interest in Bitcoin-backed products and may inspire other institutions and government agencies to follow suit.</p> 
<p>Despite Bitcoin’s recent price fluctuations, the ongoing investment in spot Bitcoin ETFs signals a robust belief in the cryptocurrency’s long-term potential.</p> 
<p> You might also like: <a href="https://crypto.news/goldman-sachs-reveals-418m-bet-on-bitcoin-etfs/"> Goldman Sachs reveals $418m bet on Bitcoin ETFs </a> </p>

Wisconsin adds 447k shares to BlackRock Bitcoin ETF holdings

Table of Contents

crypto.news

Other articles published on Aug 14, 2024

Foxconn, Apple’s manufacturing partner, reports revenue surge fueled by AI demand

Animoca Brands Joins ZetaChain, Backs NFTs Over Meme Coin Hype

BTC Volatility Affects NEAR Coin

Why Do Most Memecoins Fail?

Will These Low-Cap Meme Coins Lead The Bull Market?

Cynthia Lummis' Bitcoin Reserve Legislation Gets Support From Riot Platforms Executive: 'I'm More...

Join our free newsletter for daily crypto updates!