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The State of Wisconsin Investment Board (SWIB) has divested its $321 million stake in BlackRock’s spot Bitcoin ETF (IBIT), reversing its earlier bullish stance. This move comes just over a year after SWIB became a trailblazer among U.S. state entities investing in Bitcoin ETFs. Meanwhile, Goldman Sachs has emerged as the largest known holder of IBIT shares.
- SWIB divested all 2.9 million IBIT shares after pioneering state-level Bitcoin ETF investments in early 2024.
- Goldman Sachs is now the largest IBIT holder globally with 30.8 million shares ($1.4B), per SEC filings.
- IBIT maintains market leadership among spot Bitcoin ETFs despite Wisconsin’s exit, recently closing a $5B inflow streak.
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