Wisconsin Investment Board Sells Entire Bitcoin Spot ETF Holdings... Sale Timing Undisclosed
Summary
- The State of Wisconsin Investment Board (SWIB) has reportedly sold all of its Bitcoin spot ETF holdings.
- The timing of the sale or whether profits were realized has not been disclosed.
- This sale event has led to discussions about the possibility of portfolio adjustments by institutional investors and its impact on the market.
On the 15th (local time), according to the X (formerly Twitter) account of Walter Bloomberg, a U.S. economic news channel, the State of Wisconsin Investment Board (SWIB) has sold all of its holdings in the Bitcoin (BTC) spot exchange-traded fund (ETF).
This sale was confirmed through the securities holdings report (13F) submitted by SWIB to the U.S. Securities and Exchange Commission (SEC). However, the specific timing of the sale or whether profits were realized was not specified in the report.
Previously, SWIB reported holding approximately $320 million worth of BlackRock Bitcoin spot ETF (60,603,510 shares) as of December 31 last year.
This sale has sparked interpretations regarding the possibility of portfolio adjustments by institutional investors and its impact on the market.
Meanwhile, BTC is trading at $103,205.53, down 0.19% from the previous day, based on the Binance Tether (USDT) market as of 4:53 on the 16th.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
