🚨 WISCONSIN INVESTMENT BOARD DUMPS $321M BLACKROCK BITCOIN ETF 🚨
Wisconsin’s state investment board has completely sold off its $321M position in BlackRock’s spot #BTC ETF (IBIT), according to a recent SEC filing.
Despite IBIT’s dominance with a 20-day net inflow streak of over $5B, BlackRock’s Bitcoin ETF still leads the market with $60B+ in assets under management. Bloomberg ETF analyst Eric Balchunas pointed out IBIT’s massive inflows, saying it was “taking in so much more than the rest of them.”
The board hasn’t fully abandoned crypto, though—it still holds ~$19M in Coinbase stock as part of its ongoing #cryptoinvestment strategy.
