The State of Wisconsin Investment Board purchased more spot bitcoin exchange-traded fund (ETF) shares in 2024's second financial quarter.
The Board purchased 2,898,051 shares of BlackRock's iShares Bitcoin Trust, which was valued at $98.9 million, according to a 13-F filing with the Securities and Exchange Commission.
The Board also bought 98,446 shares of the crypto exchange Coinbase worth nearly $21.9 million, 115,084 shares of the bitcoin miner Marathon Digital for around $2.3 million, 278,165 shares in the investment app Robinhood valued at over $6.3 million and 338,977 shares in digital payment firm Block Inc worth nearly $21.9 million, the same filing shows.
This is the second consecutive financial quarter in which the Board revealed investments in spot bitcoin ETFs. It noted owning nearly $100 million in IBIT and $63 million worth of shares in Grayscale Bitcoin Trust ETF (GBTC) in the first financial quarter of 2024, The Block previously reported.
As of Aug. 13, IBIT holds the largest market share among spot bitcoin ETFs at 58.8%, followed by GBTC at 15.2%.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
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