According to David Krause, a finance professor at Marquette University in the United States, the Wisconsin State Board of Investment (SWIB) purchased $164 million worth of BlackRock's iShares Bitcoin Trust and Grayscale's Bitcoin Trust shares in Quarter 1. This investment may be just the beginning, and SWIB is expected to further increase its investment, and other pension plans may follow suit.
At the end of 2023, SWIB had about $156 billion in assets under management, with Bitcoin ETFs accounting for 0.1% of its portfolio. Krause sees the investment as a "test of the water" to test the public's reaction to Bitcoin ETFs. =
In the first three months of this year, nearly 500 institutional investors allocated to spot bitcoin ETFs, with the largest holder being hedge fund Millennium Management, which holds $2 billion, or 3% of its total assets.
The Wisconsin pension plan may increase its investment in spot bitcoin ETFs
2024-06-03 19:00:19
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
美国威斯康星州养老金计划或将增加现货比特币ETF投资Next article：
英国数字证券沙盒咨询反馈聚焦限额和数字货币
