Wisconsin Pension Fund Divests $300 Million Bitcoin ETF Position
The State of Wisconsin Investment Board has sold its entire stake in BlackRock’s iShares Bitcoin Trust, a move sealed with an SEC filing on May 15. This divestment involved liquidating 6 million shares, a transaction totaling over $300 million. This decision came before a quarter marked by increasing global trade tensions, reflecting a strategic pivot in investment approaches. Investors should watch how such moves by large funds may impact Bitcoin markets moving forward.