As a Pension Embraces Bitcoin, Hope Grows for Cryptocurrency's Long-Term Prospects Even Among Conservative Pros

As a Pension Embraces Bitcoin, Hope Grows for Cryptocurrency’s Long-Term Prospects Even Among Conservative Pros


Roughly 500 institutional investors revealed allocations into the spot bitcoin ETFs in the first quarter. These included institutions of all sorts, with institutional advisors making up 60% of holders and hedge funds roughly 25%, an outcome that isn’t normally the case after only a few months after the launch of a new ETF, an expert says. One surprising investment came from the State of Wisconsin, which allocated $160 million into the funds, and could spur more interest from pension funds in the future. Bitcoin Below $30K after Jobs Report Tops Expectations

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