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Wisconsin Dumps $350M Bitcoin ETF Stake—Institutional Jitters or Just Paper Hands?
Wisconsin Dumps $350M Bitcoin ETF Stake—Institutional Jitters or Just Paper Hands?
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Wisconsin’s state investment board just liquidated its entire spot Bitcoin ETF position—$350 million gone in a flash. Was it risk management or cold feet?
Subheader: The Great Institutional Retreat?
While pension funds elsewhere double down on crypto exposure, Wisconsin’s exit raises eyebrows. Timing’s curious—just months before the next Bitcoin halving cycle.
Subheader: ETF Outflows Hit Record Highs
The move follows $1.2 billion in spot Bitcoin ETF outflows last week. Traders whisper about ’institutional profit-taking’ (translation: suits locking in gains before summer vacations).
Closing thought: When even pension funds trade like degenerate apes, maybe the ’mature market’ narrative needs recalibration.
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