State of Wisconsin Investment Board Fully Exits Bitcoin ETF Positions
By: coinfea|2025/05/16 16:30:07
0
Share
The State of Wisconsin Investment Board (SWIB) exited its entire position in the iShares Bitcoin Trust (IBIT) during the first quarter of 2025. According to a recent U.S. SEC filing, the board sold all 6,060,351 IBIT shares, previously valued at approximately $355.6 million. The move follows an earlier decision to fully liquidate its $63.7 million stake in the Grayscale Bitcoin Trust (GBTC).The filing, submitted on May 15, showed that SWIB reported no holdings in any spot Bitcoin exchange-traded funds as of the end of March. The asset manager, which oversaw more than $166 billion in total assets at the close of 2024, had previously shifted its entire GBTC exposure to IBIT in the last quarter of that year.Institutional activity reflects shifting market sentimentAt the same time, other big institutional investors made changes to their holdings in Bitcoin ETFs. Prices falling by 12% in Q1 made a lot of investors decrease their investments. Millennium Management sold 41% of its Invesco Bitcoin ETF shares and no longer holds shares of the ETF. The firm held on to 81.4% of its stake in IBIT while reducing it by 15.6%. Despite these sell-offs, Millennium put more money into other Bitcoin products such as ARK 21 Shares Bitcoin ETF and Grayscale Bitcoin Mini Trust.Abu Dhabi’s Mubadala investment fund bought more shares and owned 8.7 million shares of IBIT, which were worth over $408 million by the end of March. Brown University joined the cryptocurrency ETF market for the first time, buying a 4.9 million dollar share of IBIT. Bitwise CIO Matt Hougan explained that the decrease in ETF positions came as the premium on Bitcoin futures collapsed, limiting returns from popular basis trading strategies. He noted that this shift reached its lowest point in late March.ETF flows swing sharply in MayData from Farside showed a sharp reversal in net flows for spot Bitcoin ETFs between May 13 and May 14. On May 13, the funds saw outflows totaling $91.4 million, all attributed to Fidelity’s FBTC. No other issuers recorded positive inflows that day.The next day, $319.5 million of net inflows were recorded. The largest sum came from BlackRock’s IBIT, totaling $232.9 million, and FBTC with $36.1 million came in second. Furthermore, ETFs like BITB, ARKB, and BRRR all experienced positive changes. Grayscale’s GBTC had an inflow of $35.2 million after constantly reporting outflows.The post State of Wisconsin Investment Board Fully Exits Bitcoin ETF Positions first appeared on Coinfea.
You may also like
The large models in the United States are moving towards closure in the name of security
The government successfully inserted itself as an approver between commercial AI models and their users for the first time.
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.
Why do cryptocurrency projects always like to change their names?
In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...
Who is footing the bill for the $64 billion accounting frenzy?
Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.
I never expected that the first application of AI x Crypto would be in security auditing
AI has accelerated attack efficiency and also promoted the upgrade of defense systems. The security audit sector is undergoing a transition from a dividend model to a competitive model.
What is your view on Binance's competitive advantages?
When the dividends of rule arbitrage gradually approach zero, can we produce product strength, governance capability, and trust that are commensurate with its scale?
ETH has entered a non-consensus phase, and the turning point is approaching!
This has nothing to do with the Ethereum Foundation or Ethlabs; Ethereum needs to win by solving real problems.
The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
It can continue to question the cost-effectiveness of stablecoins in the G10 currency corridor, but it cannot ignore the structural opportunities of stablecoins in emerging markets, corporate finance, and on-chain settlements.
The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
The living space is constantly being compressed.
Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.
Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
Bitcoin vs. gold in 2026: Why are both assets falling, and what does their changing correlation mean? Discover what drives Bitcoin and gold prices and how traders can navigate different market conditions.
Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies
Overview of Important Market Events on June 24
The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough
The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.
Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends
The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.
Former SpaceX engineer reconstructs the financial execution system using first principles
Plan Execution Lab completes angel round financing for Singapore family office, with a valuation of 50 million USD.
Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD
The throne of DeFi lending still exists, but the foundation beneath the throne needs to undergo a reconstruction or reinforcement.
The large models in the United States are moving towards closure in the name of security
The government successfully inserted itself as an approver between commercial AI models and their users for the first time.
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.
Why do cryptocurrency projects always like to change their names?
In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...
Who is footing the bill for the $64 billion accounting frenzy?
Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.
Popular coins
Latest Crypto News
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Program:[email protected]
