June 2 Update:

10 #bitcoin ETFs
NetFlow: -7,157 $BTC(-$745.93M)🔴
#iShares (Blackrock) outflows 4,113 $BTC($428.65M) and currently holds 660,842 $BTC($68.88B).

9 #ethereum ETFs
NetFlow: +26,572 $ETH(+$66.64)🟢
#iShares (Blackrock) inflows 27,241 $ETH($68.32M) and currently holds 1,417,021 $ETH($3.55B).

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

Banks Poised to Reenter Digital Asset Market in 2025

This development marks a strategic shift after years of cautious involvement in the cryptocurrency space.

Current Market Context:
1. Total cryptocurrency market capitalization exceeds $3.7 trillion
2. Bitcoin constitutes over half of the total cryptocurrency market value.
3. Spot Bitcoin ETFs have seen remarkable growth, with BlackRock's iShares Bitcoin Trust reaching $50 billion in assets under management in just 227 trading days

#banks #DigitalAssets #cryptocurrency #bitcoin #blackrock

Abu Dhabi's sovereign wealth fund has purchased over $400 million in #bitcoin ETFs.

Mubadala, the Abu Dhabi government's sovereign wealth fund, has announced that it holds $436.9 million in shares of a Bitcoin exchange-traded fund (ETF). The fund has chosen BlackRock’s iShares Bitcoin Trust ETF, which now constitutes approximately 2.1% of Mubadala’s overall portfolio.

https://fintel.io/i/mubada...

### 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