The Wisconsin State Board of Investment (SWIB) has increased its investment in BlackRock’s iShares Bitcoin Trust (IBIT), according to a new SEC filing. Filing It was first reported on X by MacroScope today.
In an SEC filing today, the Wisconsin State Investment Commission reported that it held 2,898,051 shares of iShares Bitcoin Trust stock as of June 30, valued at $98.9 million as of that date.
That’s up from the 2,450,400 shares Wisconsin reported in May.
— MacroScope (@MacroScope17) August 14, 2024
As of June 30, the board held 2,898,051 shares, valued at $98.9 million. This represents a significant increase of 447,651 shares from the 2,450,400 shares reported in May. Notably, the filing also revealed that the board does not hold any shares in Grayscale Bitcoin Trust (GBTC), a change from the 1,013,000 shares it reported holding in May.
In May of this year, SWIB became the first public pension to purchase a spot Bitcoin ETF, marking another major milestone in integrating Bitcoin into traditional investment portfolios. The Board’s decision to increase its investment in IBIT highlights the growing preference for investing directly in Bitcoin through spot ETFs and reflects broad institutional investor confidence in Bitcoin’s long-term potential.
Despite Bitcoin’s recent price decline, inflows into the Spot Bitcoin ETF have continued, totaling $243.06 million since July 24.
US🇺🇸Bitcoin Spot ETF👇2nd consecutive day of inflows pic.twitter.com/8txUOkdT61
— HODL15Capital 🇺🇸 (@HODL15Capital) August 14, 2024
