Wisconsin sells BlackRock's Bitcoin ETF worth over $300 million

According to The Block, the latest 13F filing disclosed by the Wisconsin Board of Investment shows that the institution has liquidated its holdings in the BlackRock Spot Bitcoin ETF (IBIT) worth $321 million. The document shows that as of the end of March fiscal quarter, the committee no longer holds any shares in IBIT. The investment committee has not fully withdrawn from cryptocurrency related investments, and documents show that it still holds approximately $19 million worth of Coinbase stocks. Previously, the institution had liquidated its holdings in Grayscale Bitcoin Trust (GBTC). It is worth noting that the BlackRock IBIT Fund recently set a record of 20 consecutive days of net inflows, with capital inflows exceeding $5 billion.