Bloomberg analysts: National pension funds buying Bitcoin spot ETFs is a good sign
ChainCatcher news, Bloomberg analyst Eric Balchunas posted on social media that the national pension purchased BlackRock's IBIT (Bitcoin spot ETF) in the first quarter. Typically, these whale institutions do not buy in for about a year (when the ETF gains more liquidity), but as we have seen, this is different from the past and is a good sign. We look forward to more institutions disclosing, as institutions often act collectively.
ChainCatcher previously reported that according to 13F filings, the State of Wisconsin Investment Board holds $99 million in iShares Bitcoin ETF.
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