The State of Wisconsin Investment Board holds almost $ 100 million on the Bitcoin ETF from Blackrock

Von Sophie Müller

  • The State of Wisconsin Investment Board (Swib) has announced that it bought the Bitcoin ETF $ IBIT from BlackRock for almost $ 100 million
  • The state pension announced the stocks on Tuesday in a 13f
  • The leading ETF analyst Eric Balchunas says these documents indicate that more companies are willing to buy spot-bitcoin ETFs.

A state pension has acquired a position in the spot bitcoin ETF area and thus marks what, in the opinion of a leading ETF expert, could be the beginning of a massive acceptance curve.

State of Wisconsin Investment Board buys $ ibit

On Tuesday, the State of Wisconsin Investment Board announced that it will hold almost $ 100 million on the Ishares Bitcoin Trust ($ IBIT) from BlackRock. From the documents of the state it was particularly clear that he had bought 2.4 million stocks of $ 99 million in the first quarter.

The details were part of the 13f filing of the investment board, a quarterly report, the investment manager with the US stock exchange supervisory authority Securities and Exchange Commission (sec).

13fS open the US stock stocks of an investment asset manager if the assets in question are $ 100 million or more.

The Wisconsin Investment Board, which, among other small funds, manages a pension system and a state investment fund, has also disclosed shares in the Bitcoin Trust ($ GBTC) ETF by Grayscale.

The Spot-Bitcoin ETF market continues to record massive institutional acceptance, since the sector has tributated again in recent weeks. $ IBIT has been ahead with amazing numbers since his debut.

Eric Balchunas, a senior ETF analyst near Bloomberg, found that the step of the state pension administrator of Wisconsin was a big step. It is noteworthy that large companies generally do not submit their 13fs so early after the introduction of an ETF.

The ETF analyst comments on today's news noted :

"Usually you only get these big fish institutions after a year or so in the 13fs (if ETF receives more liquidity), but as we have seen, these are not ordinary new entry, expect more because institutions tend to move in herds."

On Monday the hedge fund Bracebridge Capital announced at the SEC that he holds $ 262 million on the Spot-Bitcoin-ETF ARKB from ARK Invest and $ 81 million at OBIT from BlackRock.

Wolverine Asset Management announced that it holds $ FBTC from Fidelity, which resulted in impressive 874,000 shares.

The other recent openings of large fish via Spot-Bitcoin ETF stocks include BNY Mellon, BNP Paribas and the largest bench in Switzerland, UBS Group AG.

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Source: Coinlist.me