Wisconsin State Investment Board buys bitcoins
The Wisconsin State Investment Board (SWIB), responsible for managing the assets of the Wisconsin Retirement System, disclosed in its recent 13-F filing that it owns shares in the iShares Bitcoin Trust (IBIT) of BlackRock for approximately $100 million, as well as just over $63 million in Grayscale's GBTC.
This disclosure makes SWIB the first state-level institution to publicly announce holdings in bitcoin spot ETFs, albeit a small amount relative to the total value of its assets under management.
As bitcoin continues to integrate into the mainstream financial ecosystem through investment vehicles such as spot ETFs, SWIB's disclosure may prompt other state and public pension funds to explore similar investments.
Other notable buyers of bitcoin spot ETFs recently revealed in 13F filings include BNP Paribas, Wells Fargo, UBS, Morgan Stanley, and JP Morgan Chase, albeit with relatively small exposures compared to their total assets.
The 13F is a quarterly report filed with the SEC by all institutional investment managers with at least $100 million in assets under management, disclosing their holdings. Forms must be submitted within 45 days of the last day of the quarter.
