Just-In: Wisconsin Investment Board Buys More BlackRock Bitcoin ETF

The State of Wisconsin Investment Board (SWIB) has increased its holdings in BlackRock Bitcoin ETF (IBIT), a recent SEC filing showed. This move underscores a growing trend among institutional investors toward Bitcoin ETFs, signaling a strong belief in the flagship crypto’s long-term potential. Notably, SWIB has also exited its position in the Grayscale Bitcoin Trust (GBTC), indicating a shift in its recent investment strategy.