Wisconsin Investment Commission liquidates $350 million in Bitcoin spot ETF holdings

Odaily News The Wisconsin Investment Board (SWIB) in the United States completely liquidated its holdings of about 6 million shares of BlackRock's iShares Bitcoin Trust (IBIT) in the first quarter of 2025, with a market value of about US$350 million at the time. The agency had previously significantly increased its holdings of the ETF at the end of 2024, becoming one of the first US state pension funds to invest in Bitcoin spot ETFs. The withdrawal occurred against the backdrop of a drop of about 12% in the price of Bitcoin. At the same time, Abu Dhabi's sovereign wealth fund Mubadala increased its holdings of IBIT to about US$409 million in the same quarter, showing that institutional investors' allocation strategies for Bitcoin ETFs have diverged. (CoinDesk)