The U.S. state of Wisconsin purchased 94,562 shares of BlackRock’s iShares Bitcoin Trust in the first quarter of the year,Bitcoin rose 1% on the news, currently trading at $61,957, down 1.7% over the past 24 hours as new inflation data came in hotter than expected during U.S. morning hours.Wisconsin, which filed its quarterly 13F report with the Securities and Exchange Commission on Tuesday, is the first state to disclose the purchase of bitcoin.
The investment board also"Normally you don't get these big fish institutions in the 13Fs for a year or so but as we've seen these are no ordinary launches," Bloomberg Intelligence senior ETF analyst Eric Balchunas wrote in aThe disclosure comes as March 15 is the deadline to file quarterly holdings by institutional investment managers with at least $100 million in assets under management.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
There Are Many Bitcoin Critics Left in Finance, Despite BlackRock's Newfound LoveHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »
Spot Bitcoin ETF Hype Dies Down, Normalcy Sets InHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »
Hong Kong Bitcoin ETFs Likely Not Available for Mainland Chinese Investors: BloombergHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »