State of Wisconsin reports $164M investments in spot Bitcoin ETFs

The entity responsible for managing assets in the state’s pension system reported it held millions of shares of the BlackRock iShares Bitcoin Trust and Grayscale Bitcoin Trust.In a May 14 filing with the U.S. Securities and Exchange Commission , the government entity responsible for managing Wisconsin state trust fundsit held more than 2.

“Normally you don’t get these big fish institutions in the 13Fs for a year or so but as we’ve seen these are no ordinary launches,”Bloomberg ETF analyst Eric Balchunas in a May 14 X post. “Good sign, expect more, as institutions tend to move in herds.”disclosed less than $1 million combinedworth of shares of the spot crypto ETFs in the first quarter of 2024.

The SEC approved the listing and trading of spot Bitcoin ETFs on U.S. exchanges in January. Many experts expect the commission to decide whether to approve a spot Ether (Bitcoin braces for Fed's Powell as trader says $65K key BTC price level

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