Wisconsin Investment Board Dumps All $321M of BlackRock Bitcoin ETF
Wisconsin's state investment board has completely divested its $321 million position in BlackRock's spot
$BTC ETF, according to a recent SEC filing.
This exit comes despite IBIT's market dominance, having recently completed a 20-day net inflow streak totaling over $5 billion.
BlackRock's Bitcoin ETF remains the market leader with over $60 billion in assets under management.
Bloomberg ETF analyst Eric Balchunas previously highlighted IBIT was "taking in so much more than the rest of them."
The investment board hasn't abandoned crypto entirely, maintaining nearly $19 million in Coinbase stock while continuing its strategic shift in #cryptoinvestment approach.
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