The State of Wisconsin Investment Board (SWIB), which oversees the state’s retirement funds, unloaded its shares in BlackRock’s iShares Bitcoin Trust ETF (IBIT) during the first quarter, filings show.
The Wisconsin Investment Board reported no spot Bitcoin ETF positions in its 13F filing to the US Securities and Exchange Commission on May 15, liquidating all 6,060,351 IBIT shares it reported holding from the previous quarter.
The more than 6 million IBIT shares are worth around $355.6 million at current prices.
SWIB was one of the first state investment funds to provide Bitcoin exposure to US retirees when it bought $164 million worth of Bitcoin ETFs in Q1 2024 — the same quarter the Bitcoin products launched.
Source: Julian Fahrer
The mass sell-off comes only a quarter after SWIB reported additional purchases of IBIT shares in