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Bitcoin ETF

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<div class="coinjournal">
 <ul>
 <li>State of Wisconsin Investment Board (SWIB) has disclosed it bought almost $100 million of BlackRock’s Bitcoin ETF $IBIT.</li>
 <li>The state pension disclosed the holdings in a 13F on Tuesday.</li>
 <li>Senior ETF analyst Eric Balchunas says these filings suggest more firms are set to buy spot Bitcoin ETFs.</li>
 </ul>
 A state pension has acquired a position in the spot Bitcoin ETF space, marking what a leading ETF expert says could be the beginning of a massive adoption curve.
 <h2 id="span-style-font-weight-400-state-of-wisconsin-investment-board-buys-ibit-span">State of Wisconsin Investment Board buys $IBIT</h2>
 On Tuesday, the State of Wisconsin Investment Board disclosed it <a rel="noopener noreferrer nofollow" title="holds" href="https://thebittimes.com/tag/holds.html">holds</a> n<a rel="noopener noreferrer nofollow" title="early" href="https://thebittimes.com/tag/early.html">early</a> $100 million in BlackRock’s iShares Bitcoin Trust ($IBIT). Particularly, the state’s filing showed it bought 2.4 million shares of $IBIT worth $99 million in the first quarter.
 The details were part of the investment board’s 13F filing, which is a quarterly report that investment managers file with the US Securities and Exchange Commission (SEC). 
 13Fs disclose an investment asset manager’s US equity holdings where the assets in question are $100 million or more.
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 JUST IN: 🇺🇸 State of Wisconsin Investment Board discloses it <a rel="noopener noreferrer nofollow" title="holds" href="https://thebittimes.com/tag/holds.html">holds</a> almost $100 million of BlackRock's spot #Bitcoin ETF. pic.twitter.com/Jdv4uKSi9J
 — Bitcoin Magazine (@BitcoinMagazine) May 14, 2024
 </blockquote>
 
 The Wisconsin Investment Board, which manages a retirement system and state investment fund among other smaller funds, also disclosed holdings in Grayscale’s Bitcoin Trust ($GBTC) ETF.
 The spot Bitcoin ETF market continues to see massive institutional adoption as the sector resumes inflows after a slight lull in recent weeks. $IBIT has led with staggering numbers since its debut.
 Eric Balchunas, a senior ETF analyst at Bloomberg, noted that the Wisconsin state pension manager’s move is a big one. Notably, big firms usually do not file their 13Fs so <a rel="noopener noreferrer nofollow" title="early" href="https://thebittimes.com/tag/early.html">early</a> after an ETF’s launch.
 Commenting on today’s news, the ETF analyst noted:
 <blockquote>
 “Normally you don’t get these big fish institutions in the 13Fs for a year or so (when the ETF gets more liquidity) but as we’ve seen these are no ordinary launches. Good sign, expect more, as institutions tend to move in herds.”
 </blockquote>
 On Monday, hedge fund Bracebridge Capital filed with the SEC to reveal it <a rel="noopener noreferrer nofollow" title="holds" href="https://thebittimes.com/tag/holds.html">holds</a> $262 million of Ark Invest’s spot Bitcoin ETF ARKB,&nbsp; and $81 million of BlackRock’s $IBIT.
 Wolverine Asset Management disclosed it holds Fidelity’s $FBTC, revealing an impressive 874,000 shares.
 Other recent big fish disclosures of spot Bitcoin ETF holdings include BNY Mellon, BNP Paribas and Switzerland’s largest bank UBS Group AG.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/state-of-wisconsin-investment-board-holds-nearly-100m-of-blackrock-s-bitcoin-etf-tbt88328.html">https://thebittimes.com/state-of-wisconsin-investment-board-holds-nearly-100m-of-blackrock-s-bitcoin-etf-tbt88328.html</a>

State of Wisconsin Investment Board holds nearly $100M of BlackRock’s Bitcoin ETF

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