Jersey City's mayor, Steven Fulop, announced plans to allocate a portion of the city's pension fund to Bitcoin ETFs. The Employees' Retirement System of Jersey City is updating paperwork with the SEC to make this allocation, which is expected to be around 2% of the fund. Fulop believes that other state and local pension funds will follow suit in adding crypto to their portfolios.
Jersey City Plans to Allocate a Portion of Its Pension Fund to Bitcoin ETFs
Jul 26, 2024