Wisconsin Investment Commission is investing in Bitcoin ETF vigorously

Author: William M. Peaster, Bankless; Compilation: Tao Zhu, Bitchain Vision Realm

The Wisconsin Investment Commission disclosed a major investment in Bitcoin ETF in a new SEC document.The assets held by the board include Berlaide Ishares Bitcoin Trust (IBIT) and Gray Bitcoin Trust (GBTC) shares.

Exclusive news point:

  • The Wisconsin Investment Commission has greatly invested in Bitcoin ETF.

  • The board of directors currently holds 2,450,400 IBIT shares, worth nearly $ 100 million.In addition, they also have 1,013,000 GBTC shares, worth about $ 63.7 million.

  • The document also disclosed the investment of other cryptocurrency companies such as Coinbase and Microslate.

Author’s point of view:

  • This highlights the agency’s increasing interest in cryptocurrencies, because this is the first time that national institutions have invested in a large number of Bitcoin ETFs.For cryptocurrency enthusiasts and investors, this may mean that the legality of ecosystems in the next few years and significantly increased the price of cryptocurrencies.

  • In other words, please pay attention to other institutional investors who may follow Wisconsin.Increasing investment in national institutions and pension funds may bring tremendous pressure on Bitcoin.In addition, please pay attention to the changes in the supervision of the cryptocurrency market and affect the future investment of similar institutions.

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