ICYMI, overnight reports that the State of Wisconsin Investment Board (SWIB) has exited its position in BlackRock’s iShares Bitcoin Trust ETF (IBIT), divesting over six million shares during the first quarter of 2025. According to a recent filing with the U.S. Securities and Exchange Commission, SWIB no longer holds any spot Bitcoin ETF exposure, marking a full retreat from the $355 million stake it previously held.
Wisconsin had been among the first U.S. state pension managers to venture into Bitcoin-backed ETFs, initially purchasing $164 million worth of shares when the funds launched in early 2024. The move had positioned the state as an early adopter of crypto exposure for retirees, but the latest filings confirm a complete liquidation of that position within just one year.
Info via crypot media outlets.
