Wisconsin Investment Board Drops $321 Million Bitcoin ETF Holding

The Wisconsin Investment Board (SWIB) recently made a strategic move by exiting its entire investment in BlackRock’s iShares Bitcoin Trust ETF, valued at $321 million. This decision marks a notable shift in their strategy for direct Bitcoin exposure, though the board maintains a smaller stake of $19 million in Coinbase shares, demonstrating continued trust in crypto infrastructure. The exit follows a trend of institutional investors adjusting their positions based on market trends and evolving strategies. .