Wisconsin Investment Board Buys More BlackRock Bitcoin ETF
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)

The Wisconsin Investment Board boosts its stake in BlackRock Bitcoin ETF, signaling growing institutional confidence in BTC's long-term potential.

The State of Wisconsin Investment Board (SWIB) has increased its holdings in BlackRock Bitcoin ETF (IBIT), a recent SEC filing showed.

This move underscores a growing trend among institutional investors toward Bitcoin ETFs, signaling a strong belief in the flagship crypto’s long-term potential. Notably, SWIB has also exited its position in the Grayscale Bitcoin Trust (GBTC), indicating a shift in its recent investment strategy.

Wisconsin Investment Board Raised Bets On BlackRock Bitcoin ETF

In a recent US SEC filing, the Wisconsin Investment Board disclosed its holdings of 2,898,051 shares of BlackRock iShares Bitcoin Trust (IBIT) as of June 30. This marks an increase from 2,450,400 shares reported in May. With an increase of 447,651 shares, the board holds around $99 million of BlackRock iShares Bitcoin Trust as of June 30.

Notably, this significant increase in their BlackRock Bitcoin ETF holdings reflects a growing confidence of the board in BTC’s long-term prospects as an investment asset.

However, the board has noted a complete exit from Grayscale’s GBTC, where it previously held 1,013,000 shares as of May.

Meanwhile, this strategic move of SWIB to exit from GBTC and raise bets on IBIT aligns with the broader institutional preference for direct Bitcoin exposure through Spot BTC ETF. In addition, the decision reflects a shift in how institutional investors, including state pension funds, view Bitcoin’s role in traditional investment portfolios.

#BlackRock #BitcoinETF #LowestCPI2021 #BinanceLaunchpoolTON $BTC $ETH $TON