Why did Wisconsin invest in Bitcoin ETFs?

During an interview with PBS, David Krause, a professor emeritus at Marquette University, said that the state's current investment amount of $160 million represents "just exploring the waters" compared to the amount of investment likely to flow there. "I think it's just a point," he said. entrance …

The largest investment companies in the world have disclosed the assets of their investment portfolios in securities in the mandatory disclosure reports according to Form 13F submitted to the Securities and Exchange Commission (SEC) over the past two months, which provided Bitcoin enthusiasts with an opportunity to know the first major American institutions that invested in it through one of the... Providers of Bitcoin ETFs after launching these funds on US stock exchanges for the first time in January.

One of these investors was the Wisconsin State Investment Board (SWIB), which manages one of the 10 largest pension funds in the country. It purchased shares of Bitcoin ETFs belonging to BlackRock and Grayscale, and the purchase came as a surprise even to bulls. The price of Bitcoin who expected that pension funds would wait a while before investing in it, $