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Jersey City Pension Fund Plans to Add Bitcoin ETF to Portfolio
Summary: Jersey City, New Jersey, mayor Steven Fulop announced on Thursday that the city's pension fund will allocate a certain percentage of its investments to Bitcoin exchange-traded funds (ETFs). Fulop wrote on the social media platform X that Jersey City's pension fund is updating its documents with the SEC, similar to the pension fund in Wisconsin. ...
Jersey City, New Jersey, mayor Steven Fulop announced on Thursday that the city's pension fund will allocate a certain percentage of its investments to Bitcoin exchange-traded funds (ETFs).
Fulop wrote on the social media platform X that Jersey City's pension fund is updating its documents with the SEC, similar to the pension fund in Wisconsin. The mayor estimates that the process will be completed by the end of the summer.
Fulop wrote on the X platform: "The question on whether Crypto/Bitcoin is here to stay is largely over + crypto/Bitcoin won[...] I’ve been a long time believer (through ups/downs) in crypto but Broadly, beyond crypto I do believe blockchain is amongst the most important new technology innovations since the internet."
Tags: Bitcoin ETF,Pension Fund,Steven Fulop
Link: Jersey City Pension Fund Plans to Add Bitcoin ETF to Portfolio [Copy]
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