威斯康星州投资委员会（SWIB）已经完全剥离了其在iShares比特币信托IBIT中的比特币位置

威斯康星州投资委员会（SWIB）已完全剥离了其在贝莱德的ishares比特币信托基金会中的地位，这一举动在5月15日的SEC文件中得到了证实。

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.

根据周一的SEC文件，威斯康星州投资委员会（SWIB）已完全出售了其在贝莱德（NYSE：BLK）ISHARES比特币信托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.

发生的事情是：Swib清算整个600万股份股份的清算，到3月31日，就在一个季度开始之前，发生了增加的波动和全球贸易政策的变化。

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.

销售的时机很重要。它发生在4月2日“解放日”之前的两天，当时美国实施了广泛的关税，极大地改变了全球贸易景观。

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.

这项新政策标志着唐纳德·特朗普总统通过促进国内制造业并对外国进口施加罚款来重塑美国贸易的努力的重大升级。

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.

在整个2月和3月，白宫宣布了一系列关税：加拿大和墨西哥商品（后来被暂停），中国进口量为10％，对钢铁和铝的关税增加。

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.

贸易对峙于3月达到顶峰，美国对中国商品的关税达到145％，导致北京的报复性关税为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.

在这场不断升级的贸易战中，金融市场经历了波动。在关税报复的高峰期，比特币（BTC）低于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，由于美国和中国都同意部分退回关税，因此已经有了降级的迹象，而美国将中国商品的关税降低到30％，中国将自己的关税降低到10％。特朗普还暂停了对盟友的大多数互惠关税。

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决定在此政策转变之前清算其比特币ETF持有的决定可能表明，由于宏观经济不确定性，该基金正在寻求减少风险资产的敞口。