Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

In a remarkable shift within the investment landscape, the State of Wisconsin Investment Board (SWIB) has notably increased its stake in BlackRock's bitcoin ETF, signaling a growing interest among institutional investors in cryptocurrency assets This development is particularly significant as it comes at a time when bitcoin is increasingly being viewed as a viable long-term investment option by major financial entities Wisconsin Board Commits more to bitcoin ETF In a recent disclosure through an SEC filing, SWIB revealed an increase in its holding of BlackRock iShares bitcoin Trust (IBIT) shares by 447,651 This move underscores the board's belief in the potential of bitcoin as a worthwhile investment for the long haul With the value of SWIB's total holdings in IBIT now approximating around $99 million, it's clear the board is making a substantial bet on the cryptocurrency market...