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The State of Wisconsin Investment Board (SWIB) reported owning 2,898,051 shares of BlackRock’s spot Bitcoin exchange-traded money (ETF) iShares Bitcoin Trust (IBIT) arsenic of June 30, according to an SEC filing.
The shares are worthy astir $99 million, based connected the mean BTC terms during the 2nd quarter.
Notably, the SWIB raised its vulnerability to Bitcoin (BTC) ETFs from a antecedently reported 2.5 cardinal shares astatine the extremity of March. Additionally, the filing shows that SWIB offloaded the 1 cardinal shares of Grayscale’s GBTC it held successful the archetypal quarter.
SWIB is an autarkic authorities bureau liable for managing the assets of the Wisconsin Retirement System, the State Investment Fund (SIF), and different authorities funds.
US states adhd BTC to coffers
On July 26, the State of Michigan Retirement System reported its holdings of 110,000 shares successful ARK 21Shares Bitcoin ETF (ARKB), equivalent to astir $6.6 million.
Although it lone represents 0.004% of their $143.9 cardinal successful assets nether absorption revealed successful December 2023, Bloomberg ETF expert Eric Balchunas highlighted that “it’s a start.”
Moreover, Jersey City Mayor Steven Fulop publicly spoke astir the volition of the city’s pension money to marque Bitcoin investments done ETFs.
A week of inflows
Bitcoin ETFs traded successful the US registered inflows betwixt Aug. 12 and Aug. 13, amounting to astir $67 million, according to Farside Investors’ data.
Notably, the outflows from Grayscale’s GBTC grew from $11.8 cardinal connected Aug. 12 to $28.6 cardinal connected Aug. 13. Nevertheless, the inflows registered by BlackRock’s IBIT soared from $13.4 cardinal to $34.6 cardinal successful the aforesaid period.
Moreover, Bitwise’s BITB and ARK 21Shares’ ARKB besides registered outflows of $17.1 cardinal and $6.1 million, respectively, successful this period. Although BITB is sitting astatine a nett outflow of $600,000 truthful acold this week, ARKB shows a affirmative netflow of $29.3 million.
The station State of Wisconsin increases vulnerability to Bitcoin successful Q2 via BlackRock ETF appeared archetypal connected CryptoSlate.
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