Reported 1 day ago
The State of Wisconsin Investment Board has divested its entire $321.5 million stake in BlackRock's iShares Bitcoin Trust (IBIT), as revealed in a recent SEC filing. This decision, made just before escalating international trade tensions, comes only months after the fund had embraced Bitcoin exposure. The exit was timely, as the subsequent trade policies led to significant market volatility and a drop in Bitcoin prices. Despite the withdrawal from IBIT, the fund still retains a smaller investment in cryptocurrency through shares of Strategy (MSTR).
Source: YAHOO