Wisconsin’s Investment Board has seen that it fits significantly to the Bitcoin (BTC) stakes in the last three months of the year.
The State of the Wisconsin Investment Board (SWIB) states the owner of more than 6 million shares of Blackrock’s Ishhares Bitcoin Trust (IBIT) on December 31, every one filing of 13F on Fridayfrom approximately 2.9 million sharing three months before.
The position costs $ 321 million by the end of the year and costs nearly $ 588 million in the current bitcoin price near $ 98,000.
The fund in 2024 became the first of its kind to report the purchase of Bitcoin ETF, initially purchased 94,562 shares of IBIT and some shares of Bitcoin Trust (GBTC) of Grayscale, which it sells.
The Michigan State Retirement system eventually also reported the ownership of Bitcoin ETFs shares, the Ark 21shares Bitcoin ETF (ARKB) and two of the Bitcoin products of Grayscale.
The Swib, established in 1951, oversees more than $ 156 billion in property including funds from the Wisconsin Retirement System (WRS) and State Investment Fund (SIF). The board manages investments on behalf of state employees and other trust funds.
The deadline is now marked for institutional investors in charge of at least $ 100 million in property to report quarterly holdings to the Securities and Exchange Commission (SEC). The market is closely monitoring these films to measure if large traditional financial companies have been adding bitcoin ETFs to their portfolios since their launch last year.
Divinity: The parts of this article were formed with the help from the AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
