Wisconsin Invests $163 Million in Bitcoin ETFs

The state's pension fund becomes the first to disclose significant investments in BlackRock and Grayscale Bitcoin Trusts.

Wisconsin's Investment Board holds 2.45 million shares of BlackRock's iShares Bitcoin Trust and 1.01 million shares of Grayscale's Bitcoin Trust.
The total value of these holdings is approximately $163 million, according to SEC filings.
This move marks Wisconsin as the first state to invest in Bitcoin ETFs.
The shares provide an easier way for traditional investors to gain Bitcoin exposure without direct ownership.
The investment board also holds shares in Coinbase, MicroStrategy, and various Bitcoin mining firms.