The state’s Investment Board has fully shifted its assets into BlackRock’s Bitcoin ETF, dropping GBTC. Institutional investors continue to see BTC as an inflation hedge, while pension funds view it as a promising asset
Other states may follow Wisconsin’s lead: Michigan has already invested $6.6M, and Florida and North Carolina are looking to expand their digital asset holdings
If Bitcoin ETFs get approval in 20 states, the market could see a $23B capital inflow!