Jersey City Pension Fund to Allocate Portion to Bitcoin ETFs This Summer

Jul 25, 2024, 06:32 PM

Jersey City Mayor Steven Fulop has announced that the city's pension fund is in the process of updating paperwork with the SEC this summer to allocate a portion of the fund to Bitcoin ETFs. This move follows a similar allocation by the Wisconsin Pension Fund, which allocated 2% of its funds to Bitcoin ETFs. The decision marks a significant step in institutional adoption of cryptocurrency.