Wisconsin Investment Board Increases Holdings of BlackRock BTC ETF
CryptoNewsTerminal Staff14 Aug, 2024
Wisconsin Investment Board Increases Holdings of BlackRock BTC ETF
The Wisconsin Investment Board (WIB), responsible for managing the assets of the Wisconsin Retirement System, has increased its holdings of the BlackRock BTC Spot ETF (IBIT). This move follows the board's previous investments in IBIT and Grayscale's GBTC. The WIB's decision to increase its exposure to Bitcoin through IBIT aligns with the growing institutional adoption of digital assets. IBIT, launched in October 2022, provides investors with exposure to the spot price of Bitcoin without the complexities of holding the asset directly. This latest development signals the continued maturation of the cryptocurrency market and the increasing acceptance of Bitcoin as a viable investment asset class. As more institutional investors recognize the potential of digital assets, we can expect further growth in the adoption and legitimacy of the cryptocurrency ecosystem.
