Hot Development: A US State Revealed to Own a Substantial Amount of Bitcoin ETF!

robot
Abstract generation in progress

Wisconsin State Investment Board SWIB( reported owning a $321.5 million iShares Bitcoin ETF, which represents 0.82% of its total assets, according to its latest 13F filing.

Established in 1951, SWIB manages the assets of the Wisconsin Retirement System (WRS), State Investment Fund (SIF), and other state trust funds. As of December 31, 2024, SWIB oversees assets of over $162 billion.

Last year, Wisconsin's pension fund made headlines by purchasing over 160 million dollars worth of shares in two newly approved Bitcoin ETFs, adding Bitcoin exposure to their balance sheets.

Marquette University Emeritus Finance Professor David Krause highlighted the difference between directly buying BTC and investing in Bitcoin ETFs. While Bitcoin can be purchased and stored in a digital wallet, ETFs function similarly to investment funds and track the price of BTC without requiring investors to hold the asset themselves.

Krause explained, “These are traded on exchanges” and added, “So they have liquidity just like stocks. They are also regulated by the Securities and Exchange Commission, which provides investors with confidence that they are not dealing with directly purchasing an asset.”

Despite the massive $321.5 million investment in the iShares Bitcoin ETF, Krause pointed out that it remains a relatively small portion of Wisconsin's overall retirement fund.

ME-8.17%
BTC-1.14%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)