Wisconsin Pension Fund Dumps $300M BlackRock Bitcoin ETF Stake as Tariff Chaos Hits Markets

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2025-05-16 03:34:48

Wisconsin Pension Fund Sold $300M BlackRock Bitcoin ETF Stake Amid Tariff Turmoil, New Filing Shows

In a move that screams ’institutional jitters,’ Wisconsin’s pension fund just offloaded its entire $300 million position in BlackRock’s Bitcoin ETF. The sell-off comes as global markets reel from fresh tariff threats—proving once again that traditional finance still treats crypto like a hot potato when volatility strikes.

Behind the paper hands: The pension giant’s filing shows zero tolerance for crypto’s signature price swings, despite Bitcoin’s 150% rally this year. Guess those ’digital gold’ pitches only work when Wall Street isn’t busy chasing the next shiny thing.

Bonus jab: Nothing says ’long-term strategy’ like dumping your hedge right before the halving. Classic pension fund timing.

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