The Wisconsin State Investment Office (SWIB), which oversees the state pension funds, has unloaded its shares in the Ishares Bitcoin Trust ETF (IBIT) in BlackRock during the first quarter, according to deposits.
The Wisconsin Investment Board did not declare any position of Bitcoin ETF in its file 13F with the Securities and Exchange Commission of the United States on May 15, liquidating the 6,060 351 IBIT shares that it declared that it has detained the previous quarter.
The more than 6 million IBIT shares are worth around 355.6 million dollars at current prices.
SWIB was one of the first state investment funds to provide Bitcoin exposure to American retirees when he bought $ 164 million from FNB Bitcoin in the first quarter of 2024 – the same quarter as Bitcoin products launched.
Mass sale only comes a quarter after SWIB declared additional IBIT shares purchases in the fourth quarter, while reallocating the 1 million shares held in the Grayscale Bitcoin Trust (GBTC) in Ibit.
SWIB said managed more than $ 166 billion in assets at the end of 2024, which means that the Bitcoin ETF represented approximately 0.2% of the entire swib portfolio before selling them.
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Meanwhile, the sovereign heritage fund of Abu Dhabi Mubadala increased 491,439 actions of Ibit in the first quarter, according to his latest file 13F.
Its purchases brought the total shabadala shares to 8,726,972 to March 31, worth around 512 million dollars at current prices.
Ibit was in tears
Ibit net entries exceeded the $ 45 billion mark on May 14 after recorded a net influx of $ 232.9 million, according to data from Farside investors.
The impressive 20 -day 20 -day Ibit sequence ended the day before – May 13 – when it recorded a “0” entrance on the day. The Bitcoin product emitted by Blackrock has still not seen an release since April 9 – over five weeks ago.
The Fidelity Wise Origin Bitcoin Fund (FBTC) and the Ark 21Shares Bitcoin Etf (ARK) Trail Ibit in net entries of all time at $ 11.6 billion and $ 2.7 billion, respectively.
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