In what is a rather surprising development for the industry as a whole, Wisconsin State Investment Board has completely sold its entire share of $ 350 million in Tot Bitcoin ETFS. The US State Pension Fund actually left its position in Blackrock’s Ishares Bitcoin Trust (Ibit), according to the latest 13f archiving with US Securities and Exchange Commission (SEC).
The US state had become the first of its kind to invested in the crypto-based ETF 2024. In addition, it had completely divested in the product during the first quarter after Bitcoin sank more than 12%. By the end of 2024, the Investment Board had doubled their position in the asset before turning the course quickly.
Wisconsin goes out Bitcoin ETF position in larger shifts after landmark investments in 2024
2025 has proven to be an increasingly volatile year for the Cryptocurrency market. Among the most affected were bitcoin. But after a sharp decline during the first quarter, things appear to be back on track. The leading Cryptocurrency returned to the $ 102,000 brand that JPMorgan Have recently estimated that it will surpass gold during the second half.
But that did not prevent some from selling their holdings in Cryptocurrency. Among them is the Wisconsin State Investment Board, which sold its entire share of $ 350 million in Blackrock’s Bitcoin ETF. The US state had actually left its position completely, according to a new SEC archive.
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There is one thing from the past in the middle of its decision to sell. But it has not turned its back completely on the asset class. The Board bought 26 571 shares in Michael Saylor’s Strategy (mstr). Worth $ 10.5 million, it shows that Wisconsin still includes indirect exposure to the trailing crypto.