Based on publicly available market data

Wisconsin Investment Board Buys $99M of BlackRock's iShares Bitcoin ETF in First Quarter

May 14, 2024, 02:31 PM

The State of Wisconsin Investment Board has disclosed the acquisition of $99 million worth of BlackRock's iShares Bitcoin ETF in the first quarter, according to recent 13F filings. This significant investment marks a notable entry of a state pension fund into the cryptocurrency market, which traditionally sees institutional investors move in herds. The board's total Bitcoin ETF exposure now stands at $142 million, including holdings in other ETFs like Grayscale and Ark. This move reflects growing institutional interest in Bitcoin and could signal further investments by similar entities in the future. The board invests the retirement savings of Wisconsin government workers.