TechFlow, May 16 — According to CoinDesk, the Wisconsin Investment Board (SWIB) fully exited its entire position in BlackRock's iShares Bitcoin Trust Fund (IBIT) during the first quarter of 2025, a stake worth approximately $350 million. This move comes less than a year after the committee increased its IBIT holdings from 2.9 million shares to 6 million shares at the end of 2024. SWIB was one of the first U.S. state pension funds to invest in spot Bitcoin ETFs, and this complete divestment occurred against a backdrop of Bitcoin's price dropping by about 12%.
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