Wisconsin Investment Committee Increased Holdings of BlackRock Bitcoin ETF by Nearly 500,000 Shares in Q2 and Sold All GBTC

According to the 13-F filing with the U.S. Odaily and Exchange Commission, the Wisconsin Investment Committee significantly increased its investment in the BlackRock Spot Bitcoin ETF in the second fiscal quarter of 2024, increasing its holdings by 447,651 shares, bringing its total holdings to 2,898,051 shares, with a total value of approximately $98.9 million. At the same time, the committee decided to liquidate all of its holdings of Grayscale Bitcoin Trust (GBTC), which were worth $63.7 million in the previous quarter. Although BlackRock iShares Bitcoin Trust's holdings have increased, the dollar value of the investment has actually decreased by $228,227 due to the decline in market prices. This caused the committee's total dollar exposure to the spot Bitcoin ETF to fall by about 39% at the end of the quarter. However, the Wisconsin Investment Committee also took action on other cryptocurrency-related assets. They purchased 5,980 shares of Coinbase, increasing their total holdings to 98,446 shares, with a total value of nearly $21.9 million. In addition, the committee also increased its holdings in Bitcoin miner Marathon Digital, adding 77,996 shares, bringing its total holdings to 115,084 shares, with a total value of approximately $2.3 million. (The Block)