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Wyoming and Massachusetts introduce legislation to allow state investments in Bitcoin

Lawmakers in Wyoming and Massachusetts have recently introduced bills to authorize state investments in Bitcoin (BTC), bringing the total number of US states with such proposals to eight. In Wyoming, Representative Jacob Wasserburger introduced House Bill 201, titled “State Funds-Investment in Bitcoin,” proposing that the state allocate up to 3% of its public funds to […] The post Wyoming and Massachusetts introduce legislation to allow state investments in Bitcoin appeared first on CryptoSlate. дальше »

2025-1-18 22:17


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Ohio becomes latest state to propose Bitcoin treasury to protect funds from US dollar devaluation

Ohio lawmaker Derek Merrin introduced a groundbreaking bill to establish a Strategic Bitcoin Reserve within the state treasury, according to a Dec. 17 statement. The proposed legislation, known as the Ohio Bitcoin Reserve Act, seeks to empower the state treasurer with the authority to invest in Bitcoin, aligning with the growing trend of adopting it […] The post Ohio becomes latest state to propose Bitcoin treasury to protect funds from US dollar devaluation appeared first on CryptoSlate. дальше »

2024-12-18 16:40


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Michigan state pension fund reports $11 million exposure to Ethereum ETFs

The State of Michigan Retirement System disclosed over $11 million in exposure to spot Ethereum (ETH) exchange-traded funds (ETF) in its latest 13-F filing. As a result, Michigan became the first state to invest in Ethereum and currently holds a larger position in Ethereum ETFs, compared to the $7 million invested in spot Bitcoin ETFs […] The post Michigan state pension fund reports $11 million exposure to Ethereum ETFs appeared first on CryptoSlate. дальше »

2024-11-5 21:23


Bitcoin ETFs Added To Michigan State Pension Fund With $6.6 Million Allocation

The approval of Bitcoin ETFs by the US Securities and Exchange Commission (SEC) in January 2023 has opened the floodgates for significant institutional investment in the newly approved market.  However, US states are also rushing to capitalize on the success of these ETFs by allocating a portion of their pension funds to reap profits and diversify their investments. дальше »

2024-7-27 02:30


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More US states expected to follow Wisconsin’s lead by investing in spot Bitcoin ETFs

Marquette University professor emeritus David Krause told PBS Wisconsin on May 31 that other US states could follow Wisconsin in investing in spot Bitcoin ETFs. Krause called Bitcoin a “good investment” for state pension funds, emphasizing its role in diversification, its high potential upside returns, and its use as a hedge against inflation. дальше »

2024-6-4 00:20


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Arizona Senate proposes adding Bitcoin exposure to state pension funds

The Arizona State Senate passed a resolution to consider digital assets — specifically Bitcoin exposure — as potential investments for the state’s retirement systems. The 56th legislature — Senate Concurrent Resolution 1016 (SCR 1016) — proposes that the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) examine the viability of […] The post Arizona Senate proposes adding Bitcoin exposure to state pension funds appeared first on CryptoSlate. дальше »

2024-3-7 00:02