The Wisconsin Investment Board (SWIB) appears to have reduced its exposure to grayscale Bitcoin Trust Exchange trading funds and added its position with BlackRock's iShares Bitcoin ETF.
a New filing The Securities and Exchange Commission (SEC) indicates that SWIB holds 6,060,351 stakes in BlackRock's IBIT.
As the fund's transaction is $55.33 at the time of writing, this means that SWIB's IBIT exposure is currently over $335.3 million.
In an earlier filing in May, SWIB reported that it owns only 2,450,400 shares of IBIT. However, when filed in May, the Investment Committee owns 1,013,000 shares of Grayscale's BTC ETF (GBTC), worth around $57 million at the time. Filing submitted November And this week, SWIB did not disclose its holdings of GBTC.
The Wisconsin Investment Commission is a state agency that manages investments for public retirement and trust funds. It's diversifying, including cryptocurrency, Coinbase, Marathon Digital, Riot Platforms, Blocks, Crypto Mining, Clean Spark, MicroStratege and other traditional financial vehicles.
IBIT is the largest Bitcoin ETF, with assets (AUM) worth $563.8 billion. Coinglass. Fidelity's FBTC is second, with AUM at $20.19 billion and GBTC at third, with $192.8 billion.
The SEC greenlit its first spot market Bitcoin ETF in January 2024, bringing billions of dollars worth of inflows to top digital assets by market capitalization. Regulators then approved the Ethereum (ETH) ETF for the transaction in July.
Don't Miss Beats – Subscribe to get email alerts delivered directly to your inbox
Check out the price action
follow me x, Facebook and telegram
Surfing the daily HODL mix
 
Disclaimer: Opinions expressed in daily HODL are not investment advice. Investors should do due diligence before making a risky investment in Bitcoin, cryptocurrency or digital assets. Please advise that your transfers and transactions are your own responsibility and that any losses you may incur is your responsibility. Daily Hodl does not recommend buying and selling cryptocurrency or digital assets, and Daily Hodl is not an investment advisor. Please note that your daily HODL participates in affiliate marketing.
Generated Image: Midjourney
