Buy Bitcoin Spot ETF in Wisconsin, USA! Disclosed holding nearly $100 million in IBIT

The state of Wisconsin in the United States is also betting on a Bitcoin spot ETF. According to a 13F institutional position report submitted to the U.S. Securities and Exchange Commission (SEC) on Tuesday, the Wisconsin Investment Board (SWIB) disclosed that it currently holds nearly $100 million in BlackRock’s iShares Bitcoin Trust ETF (IBIT).

The 13F filing shows that as of the end of March this year, the Wisconsin Investment Commission held a total of 2,450,400 shares of IBIT, worth $99.16 million; and 1,013,000 shares of Grayscale’s Grayscale Bitcoin Trust (GBTC), worth approximately $63.68 million.

In terms of market share, IBIT and GBTC are the first and second-ranked Bitcoin spot ETFs in the United States.

In addition, stocks of other cryptocurrency and mining companies such as Coinbase, Marathon Digital, Riot Platforms, Block, Cipher Mining, Cleanspark and MicroStrategy are also in the Wisconsin portfolio.

The Wisconsin Investment Commission was established in 1951. According to the official website, the Commission is responsible for managing the investment assets of Wisconsin public pensions, investment funds and other trust funds. The current asset management scale exceeds $156 billion.

In the latest 13F filing, in addition to some Web3 investment vehicles, the Wisconsin Investment Commission has made other cryptocurrency investments in the past and maintains investments in traditional financial investment vehicles.

Several other companies have disclosed investments in Bitcoin spot ETFs in recent weeks, including US Bancorp, asset management giant Hightower Advisors, South State Bank and multinational financial groups Susquehanna International Group (SIG), etc.

The latest disclosure covers the first quarter of 2024, and the deadline for submitting 13F documents is May 15. The market is currently paying attention to whether more institutions will disclose their investments in Bitcoin spot ETFs tomorrow.

Robert Mitchnick, head of BlackRock's digital assets, said in an interview last week that a new wave of capital is about to begin, and it is expected that in the next few months, institutions such as sovereign wealth funds, pension funds, and endowment funds will enter the market and start trading Bitcoin. Spot ETFs.