Wisconsin Investment Board Removes Nearly $321 Million From Blackrock’s Bitcoin ETF

The State of Wisconsin Investment Board (SWIB), responsible for managing retirement and state funds, has exited its investment in BlackRock’s spot Bitcoin exchange-traded fund (ETF). This divestment follows a period of increased interest from the agency regarding Bitcoin ETFs. SWIB had initially invested over $321 million in Blackrock’s IBIT shares, but this position is now closed after just a year. The timing remains unclear.