State of Wisconsin’s $162B Investment Board Scoops up More Bitcoin ETF Shares
The State of Wisconsin Investment Board (SWIB) which manages $162 billion in public assets, bought almost $100 million worth of Blackrock’s Ishares Bitcoin Trust exchange-traded fund (Nasdaq: IBIT) units and invested another $63 million in Grayscale’s bitcoin ETF (NYSE: GBTC) in May 2024, per its filing. Its latest regulatory submission to the U.S. Securities and Exchanges Commission (SEC) made on Thursday now reveals a $321.5 million position in IBIT alone. The investment not only demonstrates strong institutional demand for BTC, but it also shows that Blackrock’s IBIT is head and shoulders above all other spot bitcoin ETFs on the market. Sure enough, data from sosovalue.com shows IBIT was the only bitcoin ETF with positive inflows on Thursday, bringing in $26.21 million. The ETF now holds $56.37 billion in assets as of February 13 and has returned 137.32% year-over-year according to Blackrock’s website. The Fidelity Wise Origin Bitcoin Fund (FBTC) is the second largest bitcoin ETF with just under $20 billion in assets, roughly a third of IBIT’s asset size.
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