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The Wisconsin Pension Fund, known as one of the most financially sound pension funds of the US, bought $162,000,000 #Bitcoin And a lot more are coming This is one of the most exciting and yet ignored institutional $BTC buyers so far https://t.co/af3UnW1NKI
State of Wisconsin revealed it owns $162m #Bitcoin through the BlackRock and Grayscale ETFs. "This is a $180 BILLION FUND. I think it's just an entry point. They're using this as a trial run," says Marquette University professor emeritus David Krause 👉 In other words, they're… https://t.co/J4tmdhJAt7
#Bitcoin ETFs launched 4 months ago and these are the institutional investors with more than $1 Billion Assets Under Management: 85 Hedge Funds 405 RIAs 7 Market Makers 18 Trusts 3 Mutual Funds 1 Pension Fund 4 Family Offices 11 Banks This is just the beginning https://t.co/i8G41AKe7T
In the world of Bitcoin ETFs, Grayscale's GBTC and Vaneck's HODL have seen outflows while US Bitcoin ETFs gained $50 million. Institutional investors, including the Wisconsin Pension Fund, are showing interest with significant purchases. Wisconsin's pension system bought $162 million worth of Bitcoin, with experts viewing it as a long-term investment strategy. The state of Wisconsin investment board bought $168 million of the spot Bitcoin ETF, signaling a growing trend among states to invest in Bitcoin.
