A First in Europe: A State Fund Announces Investment in Bitcoin!

Spot Bitcoin ETFs, approved in 2024, were seen as a turning point for the cryptocurrency ￰0￱ there has been significant institutional investment in spot Bitcoin ETFs, interest continues to ￰1￱ the world's giants continue to invest in Bitcoin ETFs, news also came from ￰2￱ Luxembourg Sovereign Wealth Fund (FSIL) has invested 1% of its assets in Bitcoin ETFs, becoming the first sovereign wealth fund in the Eurozone to do so, Coindesk ￰3￱ this point, the Luxembourg sovereign wealth fund became the first instance in which a national-level sovereign wealth fund in a European Union (EU) member state officially invested in Bitcoin. “This decision strengthens Luxembourg's leadership in digital finance and ensures the recognition of Bitcoin as a mature asset ￰4￱ 1% allocation is conservative but sends a clear signal to the market about Bitcoin's long-term ￰5￱ the nature of the FSIL, it was the most balanced choice,” said Jonathan Westhead, spokesman for Luxembourg's financial ￰6￱ investment follows a legal change that allows Luxembourg sovereign wealth fund Fonds Souverain Intergénérationnel du Luxembourg (FSIL) to allocate up to 15% of its assets under management to alternative investments, including cryptocurrencies. *This is not investment ￰7￱ Reading: A First in Europe: A State Fund Announces Investment in Bitcoin!