GBTC - Wisconsin Invests Nearly $100M In BlackRock's Spot Bitcoin ETF | Benzinga
The Wisconsin Investment Commission has made headlines with its recent investment move, according to SEC filings.
What Happened: The Commission, which manages Wisconsin's public pension and trust funds, disclosed holdings worth $99 million in BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT).
This makes Wisconsin the first U.S. state to report such a significant investment in Bitcoin (CRYPTO: BTC) through a state-managed fund.
Established in 1951, the Wisconsin Investment Commission is tasked with overseeing and investing the state's public pension and other trust funds.
Wisconsin, the sixteenth largest state in the U.S., filed its quarterly 13F report with the Securities and Exchange Commission (SEC) on Tuesday.
The disclosure aligns with the March 15 deadline for institutional investment managers with at least $100 million in assets under management ...