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Jersey City Pension Fund to Allocate 2% to Bitcoin ETFs – Crypto News
Jersey City Mayor Steven Fulop has announced that the city’s pension fund will allocate a portion of its assets to Bitcoin ETFs this summer
Jersey City Mayor Steven Fulop has announced that the city’s pension fund will allocate a portion of its assets to Bitcoin ETFs this summer.
This move involves updating paperwork with the SEC and follows a similar allocation by the Wisconsin Pension Fund.
The pension fund, which has $145 million in assets as of 2022, will make a 2% allocation to Bitcoin ETFs, amounting to approximately $4.35 million. Mayor Fulop expressed optimism that such allocations will become more common in the future.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
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