According to Cointelegraph, Norway's sovereign wealth fund Norges Bank lost $40 billion in Q1 2025, mainly due to the decline in the value of U.S. tech stocks. The bank indirectly holds $356 million in Bitcoin through stocks, and the global trade war and economic recession risks have intensified the selling pressure on Bitcoin.
Abu Dhabi's sovereign wealth fund holds $437 million in a spot Bitcoin ETF, demonstrating Bitcoin's potential as a hedging tool. Norges Bank's portfolio generated a profit of $222 billion in 2024, while stock market investments declined by 1.6%.
Norges Bank's investments primarily follow the FTSE Global All Cap Index, with 65% of investments concentrated in North American companies. While it is unlikely to directly purchase a Bitcoin ETF, increasing investments in companies that hold large amounts of Bitcoin is possible.
