The State of Wisconsin Investment Board has announced increasing its holdings in BlackRock’s iShares Bitcoin Trust by 447,651 shares.
The latest addition brings its total to over 2.89 million as of June 30, according to a recent SEC filing.SWIB, an independent agency handling assets for Wisconsin’s retirement and state investment funds, has expanded its Bitcoin ETF investments beyond the 2.5 million shares reported at March’s end. Additionally, theIn addition to IBIT, SWIB has invested in other cryptocurrency-related assets, including shares of Coinbase, Marathon Digital, Robinhood, and Block Inc.
This constitutes only 0.004% of their total $143.9 billion assets under management as of December 2023. Furthermore, Jersey City Mayor Steven Fulop also revealed plans to allocate part of the city’s pension fund to Bitcoin ETFs, marking a notable move towards incorporating cryptocurrency into municipal finance. On July 25, Fulop announced via social media that the city’s pension fund is amending its SEC filings to include Bitcoin ETFs. Jersey City, the second largest city in New Jersey, is taking this step to modernize its financial strategy.