Today, the Wisconsin State Investment Board (SWIB) has revealed its significant investments in bitcoin exchange-traded funds (ETFs) through a recent filing with the Securities and Exchange Commission (SEC). According to the filing, SWIB owns nearly $100 million in BlackRock Spot bitcoin ETF (IBIT).
<blockquote class="twitter-tweet”>
JUST IN: Wisconsin State Investment Board Reveals It Owns Nearly $100 Million in BlackRock Stock twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin ETF. pic.twitter.com/Jdv4uKSi9J
– bitcoin Magazine (@BitcoinMagazine) twitter.com/BitcoinMagazine/status/1790388916102574323?ref_src=twsrc%5Etfw”>May 14, 2024
This disclosure marks SWIB as the first state-level institution to publicly announce its holdings in spot bitcoin ETFs, signaling a notable step in the integration of bitcoin into traditional investment portfolios.
“Wow, a state pension bought $IBIT in the first quarter. You typically don't find these large institutions on 13Fs for about a year (when the ETF gets more liquidity), but as we've seen, these are no ordinary launches.” Eric Balchunas, senior ETF analyst at Bloomberg. x.com/EricBalchunas/status/1790391049560498410″>commented in the news. “Good sign, expect more, as institutions tend to move in herds.”
SWIB also revealed in the presentation who owns over $63 million of the Grayscale Spot bitcoin ETF (GBTC), for a total of over $162 million between these two holdings.
The recent wave of 13F filings by institutions disclosing their bitcoin ETF holdings highlights the growing institutional interest in bitcoin. These filings not only include prominent institutional investors such as SWIB, but also major traditional companies such as the largest bank in the United States, JPMorgan Chase, which has disclosed its bitcoin ETF spot holdings as it acts as a market maker for these ETFs.
“This is a small part of a huge public investment fund (the total value of all positions in the 13F filing is $37.8 billion). But the long-term importance cannot be underestimated.” x.com/MacroScope17/status/1790394649120559570″>fixed researcher and market analyst, MacroScope. “Wisconsin is now the second largest IBIT report holder globally. This will be closely scrutinized and widely discussed by other state investment boards. Look for others to follow in the coming quarters.”
<script async src="https://platform.twitter.com/widgets.js” charset=”utf-8″>