15 days ago
From Pensions to Crypto: The Bold New Frontier of Retirement Investing
Pension funds are increasingly exploring investments in cryptocurrencies, particularly Bitcoin, as part of their diversification and growth strategies. This trend is evident across several countries:
United States: The Michigan State Retirement Fund invested approximately $6.6 million in the ARK 21Shares Bitcoin ETF in July 2024. Similarly, the State of Wisconsin Investment Board holds significant positions in the iShares Bitcoin Trust and the Grayscale Bitcoin Trust. Jersey City's pension fund is also considering similar allocations.
Japan: The Government Pension Investment Fund (GPIF), the world's largest pension fund, is exploring Bitcoin as a potential diversification tool. In March 2024, GPIF initiated a five-year research plan to assess innovative investment strategies, including cryptocurrencies.
Norway: The Norwegian Government Pension Fund has invested indirectly in #cryptocurrencies by holding shares in companies like MicroStrategy, MARA (formerly Marathon Digital), Coinbase, and Block Inc., which have Bitcoin on their balance sheets. Analysts estimate that the Norwegian fund indirectly owns over 2,440 BTC.
Australia: In May 2024, AMP, one of Australia's largest pension funds, invested $27 million in Bitcoin, marking it as the first major Australian pension fund to adopt digital assets. This investment represents a modest 0.05% of AMP's $57 billion assets under management.
#crypto #pension #Fund
Pension funds are increasingly exploring investments in cryptocurrencies, particularly Bitcoin, as part of their diversification and growth strategies. This trend is evident across several countries:
United States: The Michigan State Retirement Fund invested approximately $6.6 million in the ARK 21Shares Bitcoin ETF in July 2024. Similarly, the State of Wisconsin Investment Board holds significant positions in the iShares Bitcoin Trust and the Grayscale Bitcoin Trust. Jersey City's pension fund is also considering similar allocations.
Japan: The Government Pension Investment Fund (GPIF), the world's largest pension fund, is exploring Bitcoin as a potential diversification tool. In March 2024, GPIF initiated a five-year research plan to assess innovative investment strategies, including cryptocurrencies.
Norway: The Norwegian Government Pension Fund has invested indirectly in #cryptocurrencies by holding shares in companies like MicroStrategy, MARA (formerly Marathon Digital), Coinbase, and Block Inc., which have Bitcoin on their balance sheets. Analysts estimate that the Norwegian fund indirectly owns over 2,440 BTC.
Australia: In May 2024, AMP, one of Australia's largest pension funds, invested $27 million in Bitcoin, marking it as the first major Australian pension fund to adopt digital assets. This investment represents a modest 0.05% of AMP's $57 billion assets under management.
#crypto #pension #Fund
2 months ago
Ethereum Spot ETF Experiences Significant Net Outflow of $41.82 Million.
On the same day, the Grayscale #ethereum Trust ETF (ETHE) saw a single-day net outflow of $11.66 million, bringing its historical net outflow to $4.075 billion. Meanwhile, the #Grayscale Ethereum Mini Trust ETF reported no net #outflow , maintaining a historical total net inflow of $605 million. As of the latest update, the total net asset value of Ethereum spot ETFs stands at $8.063 billion, with an ETF net asset ratio of 3.02% relative to Ethereum's total market capitalization. The historical cumulative net #inflow has reached $2.819 billion.
On the same day, the Grayscale #ethereum Trust ETF (ETHE) saw a single-day net outflow of $11.66 million, bringing its historical net outflow to $4.075 billion. Meanwhile, the #Grayscale Ethereum Mini Trust ETF reported no net #outflow , maintaining a historical total net inflow of $605 million. As of the latest update, the total net asset value of Ethereum spot ETFs stands at $8.063 billion, with an ETF net asset ratio of 3.02% relative to Ethereum's total market capitalization. The historical cumulative net #inflow has reached $2.819 billion.
10 months ago
### Spot Bitcoin ETFs Experience Highest Inflow Day in Over Five Weeks
On July 12, spot Bitcoin exchange-traded funds (ETFs) based in the United States saw over $310 million in inflows, making it their best-performing day since June 5.
Leading the inflows were BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC), which recorded $120 million and $115.1 million respectively, according to Farside Investors data.
The Bitwise Bitcoin ETF ranked third with $28.4 million in inflows, while the Grayscale Bitcoin Trust (GBTC) experienced a rare inflow day at $23 million.
Additionally, the VanEck Bitcoin Trust ETF and Invesco Galaxy Bitcoin ETF reported inflows of $6 million and $4 million, respectively
On July 12, spot Bitcoin exchange-traded funds (ETFs) based in the United States saw over $310 million in inflows, making it their best-performing day since June 5.
Leading the inflows were BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC), which recorded $120 million and $115.1 million respectively, according to Farside Investors data.
The Bitwise Bitcoin ETF ranked third with $28.4 million in inflows, while the Grayscale Bitcoin Trust (GBTC) experienced a rare inflow day at $23 million.
Additionally, the VanEck Bitcoin Trust ETF and Invesco Galaxy Bitcoin ETF reported inflows of $6 million and $4 million, respectively
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10 months ago
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