Key points
- The state of Wisconsin increased its IBIT shares by 447,651 as of June 30.
- SWIB sold all of its shares in GBTC, where it previously held 1,013,000 shares.
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The State of Wisconsin Investment Board (SWIB) added 447,651 shares of BlackRock’s iShares Bitcoin Trust (IBIT) to its investment portfolio, bringing total holdings to 2,898,051 as of June 30, as disclosed in a recent SEC filing. presentationThe filing also showed that SWIB has completely exited its position in Grayscale Bitcoin Trust (GBTC).
SWIB previously held 1,013,000 GBTC shares, which charges an annual management fee of 1.5%. Before increasing its stake in IBIT, the board of directors had already had more than 99 million dollars IBIT value, equivalent to 2,450,500 shares.
According to Fintel data, Millennium Management is the largest holder of the IBIT fund, followed by Capula Management and Goldman Sachs.
Earlier today, Goldman Sachs revealed his holdings of more than $418 million in U.S. spot Bitcoin exchange-traded funds (ETFs), including around $238 million in IBIT, $79.5 million in Fidelity’s Bitcoin Fund (FBTC), and $35 million in GBTC.
Since its debut in January, IBIT has attracted over $20 billion in net inflows. It is the fastest-growing Bitcoin spot fund and one of the most successful ETFs on record. As of August 13, the fund’s assets under management were valued for more than 21 billion dollars.
In addition to IBIT, SWIB has invested in other crypto-related assets and reportedly owns shares in Coinbase, Marathon Digital, Robinhood, and Block Inc.
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