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Will BlackRock's iShares Bitcoin ETF outperform the S&P 500 by the end of 2024?
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SWIB•Bitcoin•BlackRock•iShares Bitcoin ETF•IBIT•Grayscale•Bitcoin Trust•GBTC•SEC•Wisconsin•United States
Resolution / Starting Odds
Outperforms S&P 500 • 50%
Does not outperform S&P 500 • 50%
ETF performance data from financial market reports
Story
Wisconsin Investment Board Discloses $162M Bitcoin ETF Holdings in BlackRock and Grayscale
May 14, 2024, 02:48 PM
The State of Wisconsin Investment Board (SWIB) has disclosed a significant investment in Bitcoin ETFs, amounting to $162 million. This includes $99 million in BlackRock's iShares Bitcoin ETF (IBIT) and $63 million in Grayscale's Bitcoin Trust (GBTC). The investment was revealed through SEC 13F filings and marks SWIB as the first state pension fund to make such a substantial allocation to Bitcoin. SWIB, established in 1951, manages the retirement savings of Wisconsin government workers and is the 9th largest pension fund in the United States. This move signifies a notable shift towards cryptocurrency by institutional investors.
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Similar markets
Increase by more than 20% • 25%
Increase by 10% to 20% • 25%
Increase by less than 10% • 25%
Decrease in holdings • 25%
BlackRock's iShares Bitcoin Trust • 33%
Fidelity's Bitcoin Trust • 33%
Other • 33%