Wisconsin Investment Commission liquidates $350 million worth of Bitcoin spot ETF holdings

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MarsBit
05-16
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Mars Finance News: The Wisconsin State Investment Board (SWIB) completely liquidated approximately 6 million shares of BlackRock's iShares Bit Trust (IBIT) in the first quarter of 2025, with a market value of around $350 million at the time. The institution had previously significantly increased its holdings of this ETF in late 2024, becoming one of the first US state pension funds to invest in Bit spot ETF. This exit occurred against the backdrop of a Bit price drop of about 12%. Meanwhile, Abu Dhabi's sovereign wealth fund Mubadala increased its IBIT holdings to approximately $409 million in the same quarter, indicating a divergence in institutional investors' allocation strategies for Bit ETF. (CoinDesk)

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