90 sats \ 1 reply \ @StillStackinAfterAllTheseYears 14 May \ on: State of Wisconsin Buys Nearly $100M Worth of BlackRock Spot Bitcoin ETF bitcoin
It's an independently-run investment board for the state, so this is basically investment group deciding that they'll make fiat money as a result of this, either due to dividends (not sure if ETFs offer them) or by selling when it goes up. So it's a sign of some short-term bullishness, maybe, but not from the government.
(Not trying to throw cold water on your find, just adding context.)
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0 sats \ 0 replies \ @_stacktoshi 14 May
I think it's pretty bullish for the pension space. Many of which are struggling due to mismanagement and higher than forecasted expenditures.
89% of this group's AUM is for WRS, a public pension fund, and the other assets are for state operations and an SMA (I guess they invest on the behalf of private investors or other governments??).
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