Odaily News Bloomberg analyst Eric Balchunas posted on the social media platform X that the state pension fund bought BlackRock IBIT (Bitcoin spot ETF) in the first quarter. Normally, these whale institutions will not buy in a year or so (when the ETF gets more liquidity), but as we can see now, this is different from the past and is a good sign. We look forward to more institutional disclosures, because institutions tend to act collectively. According to official SEC documents, according to the SEC's 13F form information, the Wisconsin Investment Board currently holds $99 million in BlackRock's spot Bitcoin ETF IBIT.