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International Business Times

Business

Marvie Basilan

Wisconsin Pension Manager Snaps Up $100M Worth Of BlackRock Spot BTC ETFs In Q1

BlackRock Bitcoin ETF Wisconsin Eric Balchunas Crypto Donald Trump SEC Susquehanna

Wisconsin's Investment Board's latest disclosure reveals the state pension fund's manager bought millions worth of spot Bitcoin ETFs. (Credit: Kostenlose Bilder mit KI/flickr)

KEY POINTS

Wisconsin purchased over 94,500 IBIT shares worth nearly $100 million
Crypto enthusiasts on X lauded the development and its "meaningful" impact on the crypto space
Bloomberg analyst Eric Balchunas expects more institutions to follow suit

The State of Wisconsin's Investment Board (SWIB) purchased thousands of shares of BlackRock's spot Bitcoin exchange-traded fund (ETF) iShares Bitcoin Trust (IBIT) during the first quarter of the year, the state revealed in a Tuesday filing with the U.S. Securities and Exchange Commission (SEC).

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