State of Wisconsin’s investment board discloses nearly $100M of BlackRock’s bitcoin ETF

The holdings disclosure is the first from a state investment board

article-image

rblfmr/Shutterstock modified by Blockworks

share

The state of Wisconsin’s investment board disclosed holdings in BlackRock’s bitcoin ETF on Tuesday. 

The 13F filing with the Securities and Exchange Commission shows that the board bought $99 million, or roughly 2.4 million shares, of IBIT. The filing also revealed that the board holds roughly one million shares of Grayscale’s bitcoin ETF. 

According to its website, the agency is an investment organization that manages the Wisconsin Retirement System and the State Investment Funds alongside some smaller funds.

“SWIB has been successful in generating respectable returns and maintaining the trust of the beneficiaries and stakeholders of the funds we oversee,” the site said. 

SWIB declined to comment on the holdings in the disclosure. 

Investment managers are required to disclose their holdings in 13F forms if they manage $100 million or more. The filings show what firms bought and held through the last quarter. 

Read more: What 13F filings tell us about institutional appetite for bitcoin ETFs

Blockworks previously reported that BNY Mellon as well as BNP Paribas disclosed holdings, though both banks owned far less shares in comparison to Wisconsin’s disclosure on Tuesday. 

Paribas disclosed roughly 1,000 shares, and BNY Mellon had 20,000 shares of IBIT and 7,000 shares of Grayscale. 

Other investment managers have disclosed much larger holdings. Quattro Advisors, a Pittsburgh-based registered investment manager, disclosed 468,000 shares of IBIT, for example. 

On Monday, Wolverine Asset Management reported that it owned 874,000 shares of Fidelity’s bitcoin ETF. So far, that’s the largest Fidelity position that’s been disclosed. 

Investment managers have until mid-May to file their 13Fs. 

Updated May 14, 2024 at 3:05 pm ET: Noted that SWIB declined to comment, updated number of Grayscale shares.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Screenshot 2024-05-23 091855.png

Research

Bitcoin L2s aim to boost scalability while preserving decentralization and security, unlocking a better user experience, and new avenues for Bitcoin-powered innovations. However, no existing Bitcoin L2 leverages the full security of Bitcoin.

article-image

Sponsored

As part of the #Breakout2024 plans, Radix has introduced Token Trek

article-image

House members ask Gensler to keep a “consistent and equitable approach” with ether ETF proposals after the agency approved spot bitcoin ETFs in January

article-image

Using old-world instruments to address crypto user experience challenges goes against what this industry set out to do

article-image

And, weeks of a potential crypto ETF decision are no stranger to chaos

article-image

The FIT21 Act marks the second crypto-focused piece of legislation to advance in Congress this month

article-image

More than half of Solana transactions fail