According to Deep Tide TechFlow, the Wisconsin Investment Board completely exited its entire holding in the BlackRock iShares Bitcoin Trust in the first quarter of 2025, valued at approximately $350 million. This move came less than a year after increasing its IBIT holdings from 2.9 million shares to 6 million shares by the end of 2024. SWIB is one of the first state pension funds in the United States to invest in spot Bitcoin ETFs, and this liquidation occurred against the backdrop of a roughly 12% decline in Bitcoin prices.
Wisconsin Investment Board Liquidates $350 Million BlackRock Bitcoin Trust
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