Kansas Senator Bowser Proposes Bill to Invest Up to 10% of $25 Billion KPERS in Bitcoin ETFs

Jan 22, 2025, 08:47 PM

Kansas Senator Craig Bowser has introduced Senate Bill 34, which proposes to allocate up to 10% of the Kansas Public Employees Retirement System (KPERS) funds into Bitcoin exchange-traded funds (ETFs). The bill aims to modernize investment strategies for the state's public employee retirement funds. KPERS currently manages approximately $25 billion in assets under management (AUM). If passed, this legislation could mark a significant shift in how public pension funds are invested in cryptocurrency-related assets.