The Wisconsin Investment Board increased its investment in BlackRock’s iShares Bitcoin Trust to 6,060,351 shares valued at 321.5 million USD. This growth is a shift from the 2.8 million shares held previously.

Wisconsin sold off its 1,013,000 shares in Grayscale’s GBTC before expanding its investment in IBIT during the second quarter of 2024. This move reflects a strategic pivot to leverage growing demand.

As of February 14, 2025, IBIT has become the fastest-growing spot Bitcoin fund with 40.8 billion USD in net inflows. The overall assets under management for IBIT are reported to be 56.3 billion USD.