The State of Wisconsin Investment Board (SWIB) has disclosed significant investments in Bitcoin Exchange-Traded Funds (ETFs) through a recent filing with the Securities and Exchange Commission (SEC). 

According to the filing, SWIB holds nearly $100 million worth of BlackRock's spot Bitcoin ETF (IBIT).

This disclosure positions SWIB as the first state-level institution to publicly announce its holdings in spot Bitcoin ETFs, marking a significant step toward integrating Bitcoin into traditional investment portfolios.

Eric Balchunas, Senior ETF Analyst at Bloomberg, commented that it is a "good sign, expect more, as institutions tend to move in herds."

SWIB also revealed in the filing that it holds over $63 million of Grayscale's spot Bitcoin ETF (GBTC), bringing its total investment in these holdings to over $162 million.

The recent wave of 13F filings by institutions disclosing their Bitcoin ETF holdings highlights the growing institutional interest in Bitcoin. 

These filings include not only prominent institutional investors like SWIB but also major traditional firms such as JPMorgan Chase, the largest bank in America, which has disclosed its spot Bitcoin ETF holdings as a market maker for these ETFs.

Market researcher and analyst MacroScope stated that "Wisconsin is now the second-largest reporting holder of IBIT globally. This will be closely analyzed and widely discussed by other state investment boards. Watch for others to follow in coming quarters."

Share this article
The link has been copied!