Jersey Metropolis Mayor Steven Fulop has introduced that town’s pension fund will allocate a portion of its property to Bitcoin ETFs this summer season
Jersey Metropolis Mayor Steven Fulop has introduced that town’s pension fund will allocate a portion of its property to Bitcoin ETFs this summer season.
This transfer includes updating paperwork with the SEC and follows the same allocation by the Wisconsin Pension Fund.
The pension fund, which has $145 million in property 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 widespread sooner or later.
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