Wisconsin State Investment Commission Clears $350 Million Bitcoin Spot ETF Position

Odaily Planet Daily News: The Wisconsin Board of Investment (SWIB) will fully liquidate its holdings of approximately 6 million shares of iShares Bitcoin Trust (IBIT), a subsidiary of BlackRock, in the first quarter of 2025, with a market value of approximately $350 million at the time. The institution had significantly increased its holdings of the ETF by the end of 2024, becoming one of the first state-level pension funds in the United States to invest in Bitcoin spot ETFs. This exit occurred against the backdrop of a 12% drop in Bitcoin prices. Meanwhile, Abu Dhabi's sovereign wealth fund Mubadala increased its holdings of IBIT to approximately $409 million in the same quarter, indicating a divergence in institutional investors' allocation strategies towards Bitcoin ETFs. （CoinDesk）