The Wisconsin Investment Board reported holding over $321 million in BlackRock's iShares Bitcoin Trust (IBIT) ETF, reflecting a growing trend of institutional investment in Bitcoin.
This investment, representing 0.8% of the state's total holdings, follows a year of significant market shifts, including the approval of spot Bitcoin ETFs and a pro-crypto policy overhaul under President Trump.
With ongoing legislative efforts in 20 US states to create Bitcoin reserves, potentially driving billions in buying, Wisconsin's investment signals a broader acceptance of Bitcoin among US government entities. Show Less
