State of Wisconsin Buys Bitcoin ETF Following Financial Giants

BE[IN]CRYPTO05-15

SWIB's $99 million investment in BlackRock’s iShares Bitcoin Trust. This strategic purchase reflects growing institutional investments. JPMorgan and Wells Fargo have also disclosed substantial ...

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By investing nearly $100 million in BlackRock’s offering, Wisconsin joins a growing list of institutional investors betting on the future of crypto.The influx of institutional investments into its ETFs signifies a pivotal shift in the financial sector. It points to a growing acceptan","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BITB":"Bitwise Bitcoin ETF","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","HODL":"VanEck Bitcoin Trust ETF","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU1291159041.SGD":"CPR Invest - Global Silver Age A2 Acc SGD-H","IBIT":"iShares Bitcoin Trust","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","FBTC":"Fidelity Wise Origin Bitcoin Fund","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BK4581":"高盛持仓","BITO":"ProShares Bitcoin Strategy ETF","BK4504":"桥水持仓","BTCO":"Invesco Galaxy Bitcoin ETF","BK4135":"资产管理与托管银行","LU0731783394.SGD":"Fidelity Global Dividend A-MINCOME(G)-SGD","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BTCW":"WisdomTree Bitcoin Fund","BLK":"贝莱德","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1599440770.SGD":"FIDELITY GLOBAL DIVIDEND \"A\" (SGDHDG) INC","BRRR":"Valkyrie Bitcoin Fund","LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","BK4550":"红杉资本持仓","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","FDN":"First Trust Dow Jones Internet I","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","STT":"道富银行","BK4567":"ESG概念","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","BK4534":"瑞士信贷持仓","DEFI":"Hashdex Bitcoin ETF","EZBC":"Franklin Bitcoin ETF","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","BK4535":"淡马锡持仓","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","GBTC":"Grayscale Bitcoin Trust","BK4588":"碎股"},"translate_title":"威斯康辛州跟随金融巨头购买比特币ETF","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HODL":1,"STT":1,"IBIT":1,"BITB":1,"GBTC":1,"FDN":1,"FBTC":1,"EZBC":1,"DEFI":1,"BTCW":1,"BTCO":1,"BRRR":1,"BITO":1,"BLK":0.74},"content_text":"SWIB's $99 million investment in BlackRock’s iShares Bitcoin Trust.\nThis strategic purchase reflects growing institutional investments.\nJPMorgan and Wells Fargo have also disclosed substantial holdings.\n\nThe State of Wisconsin Investment Board (SWIB) has made a significant move in the cryptocurrency market by purchasing $99 million worth of BlackRock’s Bitcoin ETFs, iShares Bitcoin Trust (IBIT). \nThis acquisition, disclosed in a recent filing with the U.S. Securities and Exchange Commission (SEC), highlights the growing trend of institutional investment in Bitcoin exchange-traded funds (ETFs).\nWisconsin’s Strategic Move\nThe financial markets have been buzzing since spot Bitcoin ETFs were approved in January. These investment vehicles have quickly gained traction among institutional investors. For instance, notable financial entities such as Wells Fargo and JPMorgan have already disclosed their holdings in Bitcoin ETFs.\nSWIB, responsible for managing assets within various state trust funds, including the Wisconsin Retirement System and the State Investment Fund, now has strategically positioned itself in the growing ETF market. By investing nearly $100 million in BlackRock’s offering, Wisconsin joins a growing list of institutional investors betting on the future of crypto.\n\n“Normally you don’t get these big fish institutions in the 13Fs for a year or so (when the ETF gets more liquidity) but as we’ve seen these are no ordinary launches. Good sign, expect more, as institutions tend to move in herds,” Bloomberg Senior ETF Analyst Eric Balchunas said.\n\nThe investments towards these new financial vehicles show no signs of slowing down. Over the last 24 hours, nearly $66 million in net inflows were recorded, bringing the total inflows to almost $11.75 billion. Among the notable gainers were FBTC, which received $39 million in inflows; BITB, which received $20 million; and HODL, which received $7 million. \nBitcoin ETF Flow. Source: Farside Investors\nOther financial giants have similarly ramped up their investments. Bracebridge Capital has invested $363 million in spot Bitcoin ETFs, while Bank of Montreal has also disclosed owning Bitcoin ETFs in a recent SEC filing. Additionally, UBS Group AG, a Switzerland-based investment bank, invested $145,692 in IBIT.\nThe influx of institutional investments into its ETFs signifies a pivotal shift in the financial sector. It points to a growing acceptance of cryptocurrencies as a legitimate asset class, paving the way for broader adoption and integration of digital assets into mainstream finance.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.23.1","shortVersion":"4.23.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2435570195"}