The kingdom of the Visconsin Investment Board (SWIB), which oversees the state’s retirement funds, removed its shares at Blackrock’s Ishares Bitcoin Trust ETF (Ibit) during the first quarter, filing shows.
Visconsin investment board Informed On May 15, in its 13F filing to US Securities and Exchange Commission, no spot bitcoin ETF positions are licking all 6,060,351 ibit shares on a spot bitcoin ETF posts, which reports holding from the previous quarter.
The price of over 6 million Ibit shares at current prices is around $ 355.6 million.
Swib was one of the earlier state investment funds when it used to provide bitcoin exposure to American retired people Bought $ 164 million price Q1 Bitcoin ETF in 2024 – Bitcoin products were launched in the same quarter.
Only one quarter after the sale of mass is a quarter Purchase of ibit shares in Q4, While reconstructing all 1 million shares organized for Ibit in Grassscale Bitcoin Trust (GBTC).
Broom Informed In the end of 2024, the management of assets of more than $ 166 billion, which means that Bitcoin ETF represented about 0.2% of the entire portfolio of Swib before selling them.
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Meanwhile, Abu Dhabi sovereign wealth fund Mubadla snatched another 491,439 shares of Ibit in Q1, According For its latest 13F filing.
Its purchases rose to Mubadla’s total Ibit shares to 8,726,972 by 31 March, which was about $ 512 million at current prices.
Ibit has been on a tear
The net flow of Ibit crossed the $ 45 billion mark on 14 May, after entering the net income of $ 232.9 million, after the Farside investors entering data Show.
Ibit’s impressive 20-day line of net flow The day ended a day earlier – May 13 – when it recorded a “0” flow on the day. Blackrock- released bitcoin products Still not seen a outflow since 9 April – more than five weeks ago.
Fidelity Wise Origin Bitcoin Fund (FBTC) and Ark 21Shares Bitcoin ETF (ARK) trail ibit respectively is $ 11.6 billion and $ 2.7 billion respectively in all-time net inflows.
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