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

The Wisconsin Investment Board State quietly disposed of its entire share of $ 300 million in Blackrock’s Ishares Bitcoin Trust (Ibit) sometime during the first quarter of 2025 13f submission With the US Securities and Stock Exchange Commission on Thursday.

Sales were on the background of the growing insecurity of the market caused by the wave of American tariffs that rattled global trade and risk.

In particular, the date of shortening the submission-Jen-31.-only only two days before the so-called.Liberation day“April 2, 2025 – Link to the day when the US deposited comprehensive tariffs affecting almost all its main business partners.

SEC submission of 15 May confirms that SWIB sold its bitcoin ETF Holdings before 31. March at the end of the first quarter of the year.

According to the previous submission of the Board of Directors, of 14 February, the fund organized 6 060 351 shares of an IBIT worth approximately $ 321,501,621.

Shift in market optics

The wider economic landscape has also dramatically shifted after the inauguration of President Donald Trump, which began an aggressive new business policy that seeks to strive to produce on American soil and stimulate domestic growth.

Administration has announced 25% of tariffs Regarding goods from Canada and Mexico and 10% tariff on Chinese imports 1 February. Two days later, Canada and Mexico’s tariffs were suspended for 30 days, although 10% of the tariff to China came into force on February 4.

By February 11, President Trump renewed 25% of steel import tariff and increased aluminum tariff to 25%. Trade pressure increased 4th March, when the US increased the tariffs to China to 20%.

The Tit-for-Pat-for-Tat Spiral has led to a significant instability of the Goldman Sachs analysts warning New tariffs could move basic inflation to 3.8%this year.

Crypto markets were not left unscathedWhere Bitcoin dropped by 2.3% to approximately $ 83, while Ethereum dropped by 4.5%.

In the middle of the lush spiral, US tariffs on Chinese goods rose to 145%while China has increased tariffs to American products to 125%and sent bitcoins below 75,000 $.

Tension began to be eased in May when temporarily the US and China reduced Tariffs.

The US has reduced its rate to Chinese goods to 30%, while China reduced its tariff to US imports to 10%.

Since mid -May, President Trump also stopped the most reciprocal Tariffs in other countries.

Edited Sebastian sinclair