Wisconsin Pension Fund Sells Entire Bitcoin ETF Stake, Signaling Potential Shift in Institutional Investor Sentiment

The Wisconsin Investment Board (SWIB) recently divested its entire $355 million investment in BlackRock’s Bitcoin ETF during the first quarter of 2025. This decision comes amidst growing concerns about market stability and potentially indicates a pullback from institutional investors’ exposure to Bitcoin. This follows an expansion of SWIB’s Bitcoin ETF holdings throughout 2024, which started with $164 million before increasing to the current stake.