Coin-Turk 4 minutes ago
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The Wisconsin Investment Board (SWIB) has modified its cryptocurrency asset investment strategy, according to recent SEC filings. The updates reveal a reduction in its position in the Grayscale Bitcoin 
$96,267 Trust while simultaneously increasing its stake in BlackRock’s iShares Bitcoin ETF.
SWIB’s New Investment Move
The new filing indicates that SWIB holds 6,060,351 shares of BlackRock’s IBIT, valued at over $335.3 million. This is a significant increase from the previous May report, which showed 2,450,400 shares of IBIT and approximately $57 million worth of Grayscale products in its portfolio.
Developments in the ETF Market
Notably, SWIB’s latest submissions did not include any information regarding the Grayscale products, emphasizing the increase in the BlackRock ETF. IBIT stands out as …
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