Cartwright, a UK pension fund, has invested 3% of its funds in Bitcoin, making it the largest investment from a Sovereign Wealth Fund in the world. This move is a response to client demand for support of emerging asset classes. Cartwright’s leaders are now encouraging other institutions in the UK to invest in Bitcoin as well.
Ethereum is also gaining popularity, with the Michigan Pension Fund investing $11 million in Ethereum ETF. Banks and other financial institutions are increasingly getting involved in the cryptocurrency ETF market.
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<p>The post Cartwright Pension Fund Adopts Bitcoin Sparks UK Institutional Interest first appeared on CoinBuzzFeed.</p>
