The State of Wisconsin Investment Board (SWIB) has sold all 6,060,351 shares of BlackRock’s iShares Bitcoin Trust ETF (IBIT) worth approximately $355.6 million, according to its Q1 13F filing with the SEC. This move represents a complete exit from Bitcoin ETF exposure for Wisconsin’s retirement funds, which had previously been among the first US state pension systems to invest in Bitcoin ETFs. The liquidation comes amid ongoing volatility in crypto markets and raises questions about institutional appetite for Bitcoin investment vehicles.
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Finance News
Generated 92 posts last weekUS Stocks Surge as Experts Analyze AI and Consumer Trends
As US stocks (^DJI, ^IXIC, ^GSPC) approach the close of Thursday’s session, Market Domination brings expert analysis on key market movers. Julien Dumoulin-Smith of Jefferies discusses NRG Energy’s potential in the AI-driven energy landscape, while Mastercard’s Michelle Meyer examines consumer spending power amid current labor market conditions. The segment highlights how emerging technologies and economic data are shaping investment opportunities and market trends.
read moreNY County Launches $504K Guaranteed Income Pilot for Families
Columbia County in New York is rolling out a $504,000 guaranteed income pilot program, providing $500 monthly to 42 eligible single parents or caregivers of young children. The two-year initiative, led by nonprofits Berkshire Taconic Community Foundation (BTCF) and Greater Hudson Promise Neighborhood (GHPN), targets households earning below 80% of the Area Median Income (AMI). Research highlights the program’s potential to boost financial stability, with benefits extending to children’s health and education. Applicants must enter a lottery by July 1st, prioritizing those in dire need—such as single mothers, who face a stark $85,000 income gap compared to married couples. The program addresses pressing local challenges, including unaffordable childcare ($1,999/month) and housing costs requiring 70-hour workweeks at average wages.
read moreCitibank Denies $40K Fraud Reimbursement Amid Security Lawsuit
Citibank is embroiled in controversy after denying reimbursement to 88-year-old Lois Nadler, whose account was drained of $40,000 in an unauthorized transfer to Hong Kong. The bank asserts she authorized the transaction via phone, but Nadler disputes this, stating the funds were donations for her granddaughter’s surgery. The case adds fuel to ongoing legal battles, including a lawsuit by New York’s Attorney General accusing Citibank of failing to prevent fraud despite customer alerts. The bank’s security protocols are now under intense scrutiny as investigators review the incident.
read moreWealthy Investors Allocate 5% to Crypto as Hedge, UBS Reports
Swiss bank UBS revealed in its 2025 Global Investment Returns Yearbook that high-net-worth investors are increasingly allocating up to 5% of their portfolios to cryptocurrencies like Bitcoin as a hedge against inflation and fiat currency risks. The report highlights crypto’s evolution from a fringe asset to a recognized portfolio component, particularly for younger investors who see it as both a macro hedge and a bet on future financial infrastructure. Older investors remain cautious, treating crypto more like gold—a tail-risk buffer—rather than a growth driver. The findings align with Bitwise CIO Matt Hougan’s observations on rising institutional crypto adoption.
read moreeToro Shares Surge 30% After $620M Nasdaq IPO
eToro’s ETOR shares jumped 30% to $67.66 on their first day of Nasdaq trading following a $620 million IPO, priced above expectations at $52 per share. The Robinhood rival, which previously faced regulatory scrutiny over crypto operations, had attempted a $10.4 billion SPAC merger in 2021 before market conditions derailed the plan. The SEC fined eToro $1.5 million in 2023 for operating as an unregistered crypto broker, limiting its US digital asset offerings to just Bitcoin, Ethereum, and Bitcoin Cash.
read moreKen Griffin Warns Trump’s Manufacturing Push May Fuel Inflation
Citadel CEO Ken Griffin cautions that President Trump’s efforts to onshore manufacturing may lead to inflation, contradicting the administration’s goal of easing cost-of-living pressures. Griffin supports strengthening national defense-related manufacturing but questions the economic value of low-skill job revival. He highlights China’s shift of such jobs to lower-cost countries, suggesting the U.S. should focus on higher-value industries instead.
read morePam Bondi’s $5M Trump Media Stock Sale Under Scrutiny
Pam Bondi’s sale of Trump Media stock worth up to $5 million is drawing attention due to its timing around President Trump’s ‘Liberation Day’ press conference and sweeping tariff announcement, which caused the stock to plummet 13%. While her disclosure doesn’t clarify whether the sale occurred before or after the announcement, the proximity has sparked ethical concerns. Bondi’s prior ties to Trump Media further amplify scrutiny over potential insider advantages or market manipulation. This controversial move highlights the intersection of political influence and financial markets.
read moreUnderstanding the 10-Year Treasury Yield & Its Global Impact
The 10-year Treasury yield represents the annual return investors earn on US government bonds with a 10-year maturity, serving as a global benchmark for interest rates. When the US government needs funds, it issues Treasury notes, with the 10-year note being one of the most scrutinized. The yield, expressed as a percentage, indicates the return if the bond is held to maturity. This yield impacts everything from mortgage rates to corporate borrowing costs, making it a vital indicator for investors and policymakers alike. Its movements signal shifts in economic expectations and monetary policy.
read moreJPMorgan Strategist Warns US Stock Rally Overdone
David Kelly, JPMorgan Asset Management’s chief global strategist, warns that the recent rebound in US stocks, which erased losses from April’s tariff hikes, may be excessive. Despite the rally, Kelly argues that long-term economic growth remains sluggish, tariffs persist, and fiscal stimulus may not justify bullish sentiment in a full-employment economy. He suggests international equities could outperform US stocks due to lower valuations and a weaker dollar, questioning whether the US market’s premium is justified. Investors are advised to remain cautious amid uncertain economic conditions.
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