{"id":129352,"date":"2025-05-16T00:18:04","date_gmt":"2025-05-16T00:18:04","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129352"},"modified":"2025-05-16T00:18:04","modified_gmt":"2025-05-16T00:18:04","slug":"wisconsin-investment-board-sold-off-its-bitcoin-etf-stash","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129352","title":{"rendered":"Wisconsin Investment Board sold off its Bitcoin ETF stash"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe State of Wisconsin Investment Board (SWIB), which oversees the state\u2019s retirement funds, unloaded its shares in BlackRock\u2019s iShares Bitcoin Trust ETF (IBIT) during the first quarter, filings show.<br \/>\nThe Wisconsin Investment Board reported no spot Bitcoin ETF positions in its 13F filing to the US Securities and Exchange Commission on May 15, liquidating all 6,060,351 IBIT shares it reported holding from the previous quarter.\u00a0<br \/>\nThe more than 6 million IBIT shares are worth around $355.6 million at current prices.<br \/>\nSWIB was one of the first state investment funds to provide Bitcoin exposure to US retirees when it bought $164 million worth of Bitcoin ETFs in Q1 2024 \u2014 the same quarter the Bitcoin products launched.<br \/>\nSource: Julian FahrerThe mass sell-off comes only a quarter after SWIB reported additional purchases of IBIT shares in Q4, while reallocating all 1 million shares held in the Grayscale Bitcoin Trust (GBTC) to IBIT.<br \/>\nSWIB reported managing more than $166 billion worth of assets at the end of 2024, meaning the Bitcoin ETFs represented around 0.2% of SWIB\u2019s entire portfolio before it sold them off.<br \/>\nRelated: Jim Chanos takes opposing bets on Bitcoin and Strategy<br \/>\nMeanwhile, Abu Dhabi sovereign wealth fund Mubadala snapped up another 491,439 shares of IBIT in Q1, according to its latest 13F filing.<br \/>\nIts purchases brought Mubadala\u2019s total IBIT shares to 8,726,972 as of March 31, worth around $512 million at current prices.<br \/>\nIBIT has been on a tear<br \/>\nIBIT\u2019s net inflows surpassed the $45 billion mark on May 14 after recording a net inflow of $232.9 million, Farside Investors data shows.\u00a0\u00a0<br \/>\nIBIT\u2019s impressive 20-day streak of net inflows came to an end the day before \u2014 May 13 \u2014 when it registered a \u201c0\u201d inflow on the day. The BlackRock-issued Bitcoin product still hasn\u2019t seen an outflow since April 9 \u2014 more than five weeks ago.<br \/>\nThe Fidelity Wise Origin Bitcoin Fund (FBTC) and the ARK 21Shares Bitcoin ETF (ARK) trail IBIT in all-time net inflows at $11.6 billion and $2.7 billion, respectively.<br \/>\nFlow data of the 11 US-based spot Bitcoin ETFs since April 28. Source: Farside InvestorsMagazine: Crypto wanted to overthrow banks, now it\u2019s becoming them in stablecoin fight<a href=\"https:\/\/cointelegraph.com\/news\/wisconsin-investment-board-sold-entire-blackrock-bitcoin-etf-stash?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe State of Wisconsin Investment Board (SWIB), which oversees the state\u2019s retirement funds, unloaded its shares in BlackRock\u2019s iShares Bitcoin Trust ETF (IBIT) during the first quarter, filings&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129352"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129352"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129352\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129352"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}