State of Wisconsin Investment Board, Titan Global invest in spot Bitcoin ETFs
The two firms now rank among the largest IBIT holders.
The DOJ had argued that a money transmitting business does not require controlling the funds being transferred.
The lawmaker pointed out that the state missed on a 10,000% gain when it failed to invest in Bitcoin in 2016.
The legislation aims to provide clear regulatory frameworks for digital assets, addressing longstanding issues of market oversight and consumer protection.
BlackRock also filed its 13F disclosure, revealing a modest investment its own IBIT ETF.
Kraken argued against the SEC’s expansive view on digital assets.
Coinbase could also distribute funds that BlockFi receives from FTX.