$BTC
The Wisconsin Investment Board has invested $160 million in a Bitcoin ETF (exchange-traded fund).by Rupam Roy
- This investment is a sign of growing institutional interest in Bitcoin and cryptocurrency.
- The investment was made through the Bitcoin ETF fund managed by Fidelity Investments.
- The Wisconsin Investment Board manages over $150 billion in assets, making this investment a significant bet on Bitcoin's future.
- The investment comes ahead of a potential price rally, as Bitcoin's price has been steadily increasing in recent weeks.
- The investment is seen as a vote of confidence in Bitcoin's long-term potential and a sign that institutional investors are becoming more comfortable with the asset class.
Please note that this is a summary of the article, and you should always do your own research and consider your own risk tolerance before investing in any asset.
