In a recent mail On social network
In a recent mail On social network
His prediction is now far-fetched. In a filing on Tuesday, the Wisconsin State Investment Board (SWIB), the agency that manages the state’s public pensions, revealed that it had acquired $99 million worth of shares of BlackRock’s Bitcoin ETF (IBIT). This could be a watershed moment for institutional adoption, according to Eric Balchunas, senior ETF analyst at Bloomberg. Balchunas has foretold that other pension funds could also jump on the ETF train, following the example of SWIB.
SWIB’s Bitcoin investment is very notable considering how risk-averse pension funds are. Therefore, it is safe to assume that institutional investors are becoming more comfortable with owning Bitcoin following the introduction of a number of ETFs earlier this year.
Earlier this month, BlackRock’s Robert Mitchnick revealed that some major institutional investors, including pension funds, were in the process of conducting due diligence before diving into Bitcoin.
Several major companies have disclosed their Bitcoin ETF holdings ahead of the deadline for quarterly 13F regulatory filings that is set for May 15. reported by U.TodayJPMorgan, Edmond de Rothschild (Switzerland), Wells Fargo and Susquehanna International Group (SIG) are among the big names that now have exposure to these novel products.
Saylor previously predicted that 2024 would usher in the era of institutional Bitcoin adoption.
