🟡 Wisconsin Just Dumped Their Bitcoin ETF Bags
Remember when the Wisconsin Investment Board made waves as one of the first to jump into Bitcoin ETFs for retirees?
Well… they just rage quit.
– Sold all 6,060,351 IBIT shares
– Worth $355.6 million
– After buying in Q1 2024 for $164M
🚪 Out the door, just like that.
Meanwhile...
Mubadala (Abu Dhabi’s big fund) is loading up on IBIT.
They added another 491K shares, bringing their total to $512M in BTC ETF exposure.
👀 So what’s the takeaway?
Wisconsin might be taking profits or feeling the heat, but the big boys in TradFi aren’t done yet. If anything, the game is just heating up.
