New Jersey mayor plans to invest in Bitcoin ETFs for citys pension fund
Mayor Steven Fulop said he had been a long-time believer in crypto but did not appear to have mentioned Bitcoin or other tokens before July 25.
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Mayor Steven Fulop said he had been a long-time believer in crypto but did not appear to have mentioned Bitcoin or other tokens before July 25.
The Onatario Teachers’ Pension Plan (OTPP) has decided to steer its investment away from cryptocurrencies. The decision comes after the OTPP — which manages over $190 billion in assets — lost the entirety of its $95 million investment in crypto exchange FTX after it went bust in November 2022. OTPP was one of the many [...]
The post $190B Ontario pension says no to crypto after FTX investment loss appeared first on Crypto Breaking News.
Some investment experts believe adding digital assets to retirement funds could make sense when the market becomes more stable, but not right now.
The SEC is still deciding on a "qualified custodian." (Read More)
At Converge22, the Shark Tank host said stablecoins are set to lead to a reduction in friction and fees worldwide.
The value of the ARK 21Shares Bitcoin ETF shares held by the states pension fund increased by roughly $1 million since being reported.
Even a small allocation of Bitcoin in a traditional investment fund can be beneficial.
Sovereign pension funds are increasingly seeking exposure to Bitcoin following the introduction of spot ETFs in the United States.
More than 40% of the young generations have already invested in cryptocurrency, showing a generational shift in financial planning, according to Bitget Research.
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