📅 Latest news on January 16th —— (Financial Times) in-depth report
With the continuous surge of digital currency, the global financial market is ushering in an unprecedented change! According to the latest report from the Financial Times, global pension funds have begun to quietly plan and try to include cryptocurrencies such as Bitcoin in their asset allocation portfolios. This move has undoubtedly injected another shot in the arm for the cryptocurrency market!
🌍 Wisconsin and Michigan lead the way
Wisconsin Investment Committee: As of the end of September 2024, the committee has become the 12th largest shareholder of BlackRock Bitcoin ETF, with a holding value of up to US$155 million!
Michigan: has become the sixth largest shareholder in the Grayscale Ethereum ETF, with a holding valued at $12.9 million, and is also the 11th largest shareholder in ARK 21Shares Bitcoin ETF, showcasing a diversified layout.
🇬🇧 Surge in pension fund consultancy in the UK
Pension fund consultancy Mercer has received a large number of inquiries about cryptocurrencies since the U.S. election day, as trustees seek to gain in-depth understanding of this emerging asset class. Cartwright Consulting has facilitated a direct investment of £1.5 million in Bitcoin from a small pension plan with an undisclosed identity, aiming to leverage the excess returns of cryptocurrencies to fill funding gaps. Currently, more than 50 individual savers have expressed their willingness to fully transfer their pensions into the cryptocurrency space, and Cartwright is exploring the possibility of establishing a Bitcoin fund with two multi-employer pension funds.
🇦🇺 Australia's AMP Superannuation Fund Management Company follows up
One of Australia's largest superannuation fund management companies, AMP, has also made moderate allocations through Bitcoin futures. Its senior portfolio manager Steve Flegg noted that although cryptocurrencies carry high risk and innovation, their market size and development potential should not be underestimated, reflecting institutional investors' positive attitude towards the crypto market.
🔍 Cautious exploration
Nevertheless, reports also remind us that pension funds allocating to crypto assets are still in the minority, and most investment advisors remain cautious when recommending clients to invest in cryptocurrencies. This reflects the real challenges of high volatility in the crypto market and a complex regulatory environment.
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