Wisconsin Dismisses $321 Million BlackRock Bitcoin ETF Investment

The State of Wisconsin Investment Board (SWIB) recently liquidated its entire stake in BlackRock’s Bitcoin Spot ETF, selling off the $321 million investment. This action follows a notable shift in Wisconsin’s digital asset strategy, which initially involved investing in IBIT as part of a broader diversification approach, reflecting Bitcoin’s growing acceptance among traditional investors. While withdrawing from direct Bitcoin exposure through ETFs, SWIB maintains a sizable $19 million holding in Coinbase stock, suggesting potential future investment in crypto infrastructure companies.