Wisconsin Investment Board sold off its Bitcoin ETF stash

From CoinTelegraph
May 15, 2025 7:58 pm:

The State of Wisconsin Investment Board (SWIB) sold all 6,060,351 shares of BlackRock’s iShares Bitcoin Trust ETF (IBIT) in Q1, worth $355.6 million at current prices. SWIB previously bought $164 million worth of Bitcoin ETFs in Q1 2024. Abu Dhabi’s sovereign wealth fund Mubadala acquired 491,439 IBIT shares in Q1, totaling 8,726,972 shares worth $512 million.

IBIT’s net inflows surpassed $45 billion with a $232.9 million inflow on May 14. The 20-day streak of net inflows ended on May 13 with a “0” inflow. The BlackRock-issued Bitcoin product has not seen outflows since April 9. Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF trail IBIT in net inflows at $11.6 billion and $2.7 billion, respectively.

Read more at Cointelegraph: Wisconsin Investment Board sold off its Bitcoin ETF stash