It seems that Bitcoin has become the best target for future large institutional investment.
Recently, the Wisconsin Investment Board (SWIB) reported investments in spot Bitcoin exchange-traded funds offered by Grayscale and BlackRock.
In a filing with the U.S. Securities and Exchange Commission (SEC) on May 14, the government entity responsible for managing the Wisconsin Trust Fund disclosed that it holds more than 2.4 million shares of BlackRock iShares Bitcoin Trust (IBIT) and more than 1 million shares of Grayscale Bitcoin Trust (GBTC), worth approximately $100 million and $64 million, respectively. The document indicates that the Wisconsin Retirement System may make crypto investments through these two asset management companies.
