Today, the Wisconsin State Investment Board (SWIB) disclosed a significant investment in a Bitcoin exchange-traded fund (ETF) through a recent filing with the Securities and Exchange Commission (SEC). SWIB owns nearly $100 million in BlackRock’s Spot Bitcoin ETF (IBIT), according to filings.
JUST IN: 🇺🇸 Wisconsin Investment Commission reveals it owns nearly $100 million in BlackRock stock #bitcoin ETF. pic.twitter.com/Jdv4uKSi9J
— Bitcoin Magazine (@BitcoinMagazine) May 14, 2024
With this disclosure, SWIB becomes the first national-level institution to publicly disclose its holdings in a Spot Bitcoin ETF, marking a notable step in the integration of Bitcoin into traditional investment portfolios.
“Wow, state pensions bought IBIT dollars in the first quarter. Normally you don’t get these big institutions at 13F for a year or so (until the ETFs become more liquid), but so far we’ve seen As we’ve seen, these are no ordinary launches,” said Eric Balchunas, senior ETF analyst at Bloomberg. commented In the news. “Institutions tend to act in packs, so that’s a good sign. We should expect more.”
Also disclosed to SWIB. filing The company owns over $63 million in the Grayscale Spot Bitcoin ETF (GBTC), with the combined holdings of these two holdings totaling over $162 million.
The recent wave of 13F filings by institutions disclosing their Bitcoin ETF holdings highlights the growing institutional interest in Bitcoin. These filings include prominent institutional investors like SWIB, as well as traditional giants like JPMorgan Chase, America’s largest bank. disclosed The company owns the Spot Bitcoin ETF as it acts as a market maker for these ETFs.
“This is only a small portion of a large public investment fund (all positions in the 13F filing total $37.8 billion), but its long-term significance cannot be overstated. ” said Market researcher and analyst, Macroscope. “Wisconsin is now the second largest IBIT reporting holder in the world. This will be closely analyzed and widely discussed by investment committees in other states. Please note that this will follow.”
