Wisconsin Pension Fund sold iShares Bitcoin Trust before trade tensions erupted

From Yahoo Finance: 2025-05-16 19:30:00

The State of Wisconsin Investment Board sold its $321.5 million stake in BlackRock’s iShares Bitcoin Trust before trade tensions escalated. Wisconsin initially embraced Bitcoin exposure but liquidated over 6.1 million IBIT shares by March, divesting from cryptocurrency as market volatility loomed. This move raised questions about institutional investors’ commitment to digital assets amid economic uncertainty. After Wisconsin’s exit, Bitcoin prices dropped as trade relations deteriorated, with U.S. tariffs on Chinese products reaching 145% and China countering with 125% fees on American imports. Despite leaving Bitcoin, the pension fund maintained some crypto exposure with shares of Strategy valued at $36.8 million.



Read more at Yahoo Finance: Wisconsin Pension Fund Sold IBIT Before Trade Clash