According to BlockBeats, Bloomberg analyst Eric Balchunas announced on social media on May 14 that the National Pension Fund purchased BlackRock's Bitcoin Spot ETF (IBIT) in the first quarter. Typically, these institutional 'whales' do not buy in until about a year later when the ETF gains more liquidity. However, this time is different and is a good sign, with expectations of more institutions disclosing their actions, as they often act collectively.
Previously, BlockBeats reported that according to official documents disclosed by the SEC, the State of Wisconsin Investment Board currently holds $99 million of BlackRock's Bitcoin Spot ETF IBIT, as per the information in the SEC's 13F form. This move by the National Pension Fund is seen as a positive sign for the cryptocurrency market, indicating increased institutional interest and investment in Bitcoin.