Jersey Metropolis Mayor Steven Fulop has introduced that the town’s pension fund will allocate a portion of its belongings to Bitcoin ETFs this summer time
Jersey Metropolis Mayor Steven Fulop has introduced that the town’s pension fund will allocate a portion of its belongings to Bitcoin ETFs this summer time.
This transfer entails updating paperwork with the SEC and follows the same allocation by the Wisconsin Pension Fund.
The pension fund, which has $145 million in belongings as of 2022, will make a 2% allocation to Bitcoin ETFs, amounting to roughly $4.35 million. Mayor Fulop expressed optimism that such allocations will grow to be extra frequent sooner or later.
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