The State of Wisconsin Investment Board (SWIB) added 447,651 shares of BlackRock's iShares Bitcoin Trust (IBIT) to its investment portfolio

The State of Wisconsin Investment Board (SWIB) added 447,651 shares of BlackRock's iShares Bitcoin Trust (IBIT) to its investment portfolio

The State of Wisconsin Investment Board (SWIB) increased its holdings in the iShares Bitcoin Trust (IBIT) by 447,651 shares in the second quarter of 2023, bringing the total to 2,898,051 shares, according to a recent SEC filing.

However, the filing also showed that SWIB completely exited its position in the Grayscale Bitcoin Trust (GBTC). SWIB previously held 1,013,000 shares of GBTC, which charges an annual management fee of 1.5%. Before increasing its stake in IBIT, the board already held over $99 million worth of IBIT, equivalent to 2,450,500 shares.

Millennium Management is the largest holder of the IBIT fund, with 6,133,640 shares, followed by Capula Management with 2,974,165 shares and Goldman Sachs with 2,417,636 shares, according to Fintel data.

Earlier today, Goldman Sachs also disclosed its holdings of over $400 million in US spot Bitcoin exchange-traded funds (ETFs), including around $238 in IBIT, $79.5 million in Fidelity’s Bitcoin fund (FBTC), and $35 million in GBTC.

Since its January debut, IBIT has attracted over $20 billion in net inflows, making it the fastest-growing spot Bitcoin fund and one of the most successful ETFs on record. As of August 13, the fund's assets under management were valued at over $21 billion.

In addition to IBIT, SWIB has also invested in other crypto-related assets, with recent filings showing holdings in Coinbase, Marathon Digital, Robinhood, and Block Inc.

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