State of Wisconsin Investment Board appears to be reducing its exposure to Grayscale Bitcoin Trust ETF while increasing its holdings in Blackrock’s iShares Bitcoin Exchange-Traded Fund.
SWIB owns 6,060 351 IBIT shares according to a new SEC filing.
SWIB IBIT exposure is currently more than $335.3 millions, based on the current price of $55.33, at which time this article was written.
SWIB had reported only owning 2,450,400 IBIT shares in a filing from May. The May filing showed that the Investment Board also owned 1,013,000 Grayscale BTC ETF shares (GBTC) which, at the time, were worth approximately $57,000,000. SWIB did not disclose any GBTC shares in filings made this week and last November.
State of Wisconsin Investment Board (SWIB) is an agency of the state that manages investments in public trust and retirement funds. The State of Wisconsin Investment Board has diverse investments including cryptocurrency, Coinbase Marathon Digital Riot Platforms Block Cipher Mining Cleanspark Microstrategy Microstrategy, and traditional financial instruments.
According to Coinglass, IBIT has the most assets under management. Fidelity FBTC comes in second place with AUM of $20.19 billion, while GBTC takes third with AUM of $19.28 billion.
In January 2024 the SEC approved the first Bitcoin spot-market ETFs, which will bring in billions of dollar worth of capital to the leading digital asset in terms of market cap. In July, the regulator approved Ethereum ETFs.
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The SEC filing may change as new information becomes available.
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