Bitcoin ETF Surge Wisconsin Backs BlackRock

Wisconsin Investment Board Increases Bitcoin ETF Holdings

• The State of Wisconsin’s Investment Board (SWIB) increased its exposure to Bitcoin by investing more in a crypto ETF.
• Previously, SWIB held shares in BlackRock and Grayscale Bitcoin ETFs worth $163 million.
• Currently, SWIB’s crypto exposure is exclusively with IBIT.
• The SEC approved 11 spot Bitcoin ETFs last year, allowing them to trade on U.S. stock exchanges.
• Bitcoin reached a new all-time high of just under $109,000 in January.

The State of Wisconsin’s Investment Board has shifted its focus solely to IBIT for its Bitcoin ETF investments, previously holding shares worth $163 million in both BlackRock and Grayscale ETFs.