Bitcoin investment ‘material impact’ captures pension funds’ attention
Even a small allocation of Bitcoin in a traditional investment fund can be beneficial. Go to Source
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Michigan pension fund maintains Bitcoin ETF investment, adds Ether ETFs
The value of the ARK 21Shares Bitcoin ETF shares held by the state’s pension fund increased by roughly $1 million since being reported. Go to Source
‘Crypto is not going anywhere’ — Florida chief financial officer
Sovereign pension funds are increasingly seeking exposure to Bitcoin following the introduction of spot ETFs in the United States. Go to Source
Michigan pension fund discloses $6.6M investment in Bitcoin ETFs
In an SEC filing, the state’s pension fund disclosed holding 110,000 shares of the ARK 21Shares Bitcoin ETF as of June 30. Go to Source
South Korea’s pension fund bags 280K Coinbase shares: SEC data
South Korea’s National Pension Service, one of the world’s largest pension funds, invested $20 million in Coinbase in Q3 2023. Go to Source
$190B Ontario pension says no to crypto after FTX investment loss
The pension fund had invested twice in the now-bankrupt crypto exchange once during the peak bull run in 2021 and another in early 2022. Go to Source Powered by WPeMatico
Swedish pension fund Alecta dumps First Republic Bank shares after price plummets
The Swedish fund was the bank’s fifth largest shareholder; the fund’s CEO said the uncertainty surrounding First Republic was too great. Go to Source Powered by WPeMatico
Bitcoin retirement plans elicit caution from regulators
Some investment experts believe adding digital assets to retirement funds could make sense when the market becomes more stable, but not right now. Go to Source Powered by WPeMatico
JPMorgan’s CEO feels threatened by disruption in payment systems: Kevin O’Leary
At Converge22, the Shark Tank host said stablecoins are set to lead to a reduction in friction and fees worldwide. Go to Source Powered by WPeMatico
47% of Institutional Investors Welcome Crypto Investments, Survey Shows
A new study reveals surging investments in cryptocurrencies by institutional investors, with almost half of them viewing crypto assets as having a place in their portfolios. “Institutional investors are overwhelmingly favorable about the appealing characteristics of digital assets,” Fidelity Investments described. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Institutional Investors See … Read more
