Wisconsin Investment Board sold off its Bitcoin ETF stash
Wisconsin, one of the first US states offering Bitcoin exposure to its retirees, previously held over 6 million shares in BlackRock’s Bitcoin ETF.
The State of Wisconsin Investment Board (SWIB), which oversees the state’s retirement funds, unloaded its shares in BlackRock’s iShares Bitcoin Trust ETF (IBIT) during the first quarter, filings show.
The Wisconsin Investment Board reported no spot Bitcoin ETF positions in its 13F filing to the US Securities and Exchange Commission on May 15, liquidating all 6,060,351 IBIT shares it reported holding from the previous quarter.
The more than 6 million IBIT shares are worth around $355.6 million at current prices.