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Wisconsin Pension Plan May Increase Investment In Bitcoin ETF
Summary: According to Coindesk, David Krause, a professor of finance at Marquette University, said that the addition of two spot Bitcoin exchange-traded funds (ETFs) to the Wisconsin Pension Plan (SWIB) portfolio in the first quarter may be just the beginning of the state's investment in cryptocurrencies. Documents filed with the U.S. Securities and Exchange Commission in ...
According to Coindesk, David Krause, a professor of finance at Marquette University, said that the addition of two spot Bitcoin exchange-traded funds (ETFs) to the Wisconsin Pension Plan (SWIB) portfolio in the first quarter may be just the beginning of the state's investment in cryptocurrencies. Documents filed with the U.S. Securities and Exchange Commission in May this year showed that as of March 31, SWIB purchased shares of BlackRock iShares Bitcoin Trust (IBIT) and Grayscale Bitcoin Trust (GBTC) worth $164 million.
Krause said the investment was just a "test of the waters," and he expects SWIB to increase the amount of investment, and other pensions will eventually follow suit.
Tags: Bitcoin ETF,ETF,pensions,Wisconsin Pension Plan
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