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The state of Wisconsin has purchased nearly $100 million worth of BlackRock's spot bitcoin ETF, according to a filing with the Securities and Exchange Commission. The state's investment board bought 94,562 shares of BlackRock’s iShares Bitcoin Trust in the first quarter of the year. This news caused Bitcoin to rise 1%, trading at $61,957. Wisconsin is the first state to disclose the purchase of bitcoin, and it also purchased shares of Grayscale's Bitcoin Trust worth roughly $64 million. The investment board, also known as SWIB, manages more than $156 billion in assets and oversees the holdings of the Wisconsin Retirement System and other state trust funds. The market is watching these disclosures to see if any large TradFi funds invested in the bitcoin ETFs since their launch earlier this year.
