🚀 Jersey City Pension Fund Dives into Bitcoin ETFs! 🚀

Big news for Bitcoin enthusiasts! Steven Fulop, the mayor of Jersey City, has announced that the city’s pension fund will allocate a portion of its investments into Bitcoin ETFs. This move marks a significant step in the growing acceptance of Bitcoin in traditional finance.

Fulop, a long-time believer in cryptocurrency, revealed that the paperwork with the SEC is being updated to facilitate this investment. While the exact percentage remains undisclosed, it’s expected to be similar to the 2% allocation seen in the Wisconsin Pension Fund.

Fulop’s confidence in Bitcoin and blockchain technology is clear, likening its impact to that of the Internet. This decision aligns Jersey City with other forward-thinking pension funds like those in Wisconsin and Houston, which have also ventured into crypto investments.

As interest in Bitcoin ETFs continues to grow, Jersey City’s move could inspire more institutions to follow suit. 🌟 Keep an eye on this space, Bitcoin is here to stay! 🌟