Odaily Planet Daily News The Wisconsin Investment Board (SWIB) completely liquidated its holdings of about 6 million shares of BlackRock's iShares Bitcoin Trust (IBIT) in the first quarter of 2025, with a market value of about US$350 million at the time. The agency previously significantly increased its holdings of the ETF at the end of 2024, becoming one of the first US state pension funds to invest in Bitcoin spot ETFs. The withdrawal occurred against the backdrop of a drop of about 12% in Bitcoin prices. At the same time, Abu Dhabi sovereign wealth fund Mubadala increased its IBIT holdings to about US$409 million in the same quarter, showing that institutional investors' allocation strategies for Bitcoin ETFs have diverged. (CoinDesk)