🏛️ The Wisconsin Retirement Fund fully exits from #bitcoin #etf

The State of Wisconsin Investment Board (SWIB) sold all 6,060,351 shares of iShares Bitcoin Trust (IBIT) from #BlackRock⁩ in the first quarter of 2025, exiting a position worth approximately $355.6 million.

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📌 What happened?

◾️SWIB was one of the first public institutions to invest in Bitcoin ETF in 2024, acquiring $164 million in IBIT and Grayscale.

◾️In the fourth quarter of 2024, the fund doubled its position in IBIT to over 6 million shares.

◾️The sale occurred amid rising trade tensions between the U.S. and China, which caused a decline in the cryptocurrency market.

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📊 Current price

Bitcoin ($BTC ): $104,086

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💭 Opinion of Mr. Belferman:

“When even public pension funds are exiting Bitcoin, it makes one ponder: is it time to reconsider your investment strategy? Perhaps it’s time to be more cautious in this market.”