威斯康星州投資委員會（SWIB）已經完全剝離了其在iShares比特幣信託IBIT中的比特幣位置

威斯康星州投資委員會（SWIB）已完全剝離了其在貝萊德的ishares比特幣信託基金會中的地位，這一舉動在5月15日的SEC文件中得到了證實。

The State of Wisconsin Investment Board (SWIB) has completely sold its holding in BlackRock's (NYSE:BLK) iShares Bitcoin Trust IBIT, according to an SEC filing on Monday.

根據周一的SEC文件，威斯康星州投資委員會（SWIB）已完全出售了其在貝萊德（NYSE：BLK）ISHARES比特幣信託IBIT的持有。

What Happened: SWIB's liquidation of its entire 6 million-share stake was completed by March 31, just before the start of a quarter that saw increased volatility and a shift in global trade policy.

發生的事情是：Swib清算整個600萬股份股份的清算，到3月31日，就在一個季度開始之前，發生了增加的波動和全球貿易政策的變化。

The timing of the sale is significant. It occurred two days before "Liberation Day" on April 2, when the U.S. implemented sweeping tariffs, drastically altering the global trade landscape.

銷售的時機很重要。它發生在4月2日“解放日”之前的兩天，當時美國實施了廣泛的關稅，極大地改變了全球貿易景觀。

This new policy marked a major escalation in President Donald Trump's efforts to reshape American trade by promoting domestic manufacturing and imposing penalties on foreign imports.

這項新政策標誌著唐納德·特朗普總統通過促進國內製造業並對外國進口施加罰款來重塑美國貿易的努力的重大升級。

Throughout February and March, the White House announced a series of tariffs: 25% on Canadian and Mexican goods (later suspended), 10% on Chinese imports, and increased duties on steel and aluminum.

在整個2月和3月，白宮宣布了一系列關稅：加拿大和墨西哥商品（後來被暫停），中國進口量為10％，對鋼鐵和鋁的關稅增加。

The trade standoff reached a peak in March with the U.S. tariffs on Chinese goods reaching 145%, leading to retaliatory tariffs of 125% from Beijing.

貿易對峙於3月達到頂峰，美國對中國商品的關稅達到145％，導致北京的報復性關稅為125％。

Amid this escalating trade war, financial markets experienced volatility. At the height of the tariff retaliation, Bitcoin (BTC) fell below the $75,000 level.

在這場不斷升級的貿易戰中，金融市場經歷了波動。在關稅報復的高峰期，比特幣（BTC）低於75,000美元的水平。

By mid-May, there were signs of de-escalation as both the U.S. and China agreed to partially roll back tariffs, with the U.S. reducing tariffs on Chinese goods to 30% and China lowering its own tariffs to 10%. Trump also suspended most reciprocal tariffs on allies.

到5月中旬，由於美國和中國都同意部分退回關稅，因此已經有了降級的跡象，而美國將中國商品的關稅降低到30％，中國將自己的關稅降低到10％。特朗普還暫停了對盟友的大多數互惠關稅。

SWIB's decision to liquidate its Bitcoin ETF holdings prior to this policy shift may indicate the fund was seeking to decrease exposure to risky assets amid macroeconomic uncertainty.

Swib決定在此政策轉變之前清算其比特幣ETF持有的決定可能表明，由於宏觀經濟不確定性，該基金正在尋求減少風險資產的敞口。