The State of Wisconsin Investment Board (SWIB) has significantly increased its investment in BlackRock's iShares Bitcoin Trust, showcasing a growing confidence in Bitcoin's long-term potential.
As of June 30, SWIB owns 2,898,051 shares of iShares Bitcoin Trust, valued at $98.9 million, marking an increase from previous months.
SWIB's decision to divest from the Grayscale Bitcoin Trust and invest in spot Bitcoin ETFs reflects a notable preference for direct Bitcoin exposure among institutional investors.
Despite Bitcoin's price fluctuations, there's been a remarkable inflow of $243.06 million into spot Bitcoin ETFs since July 24, indicating strong market interest.
#wisconsin-investment-board #bitcoin-investment #blackrock #spot-bitcoin-etfs #institutional-investors
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