*🚨Jersey City Mayor Plans to Invest in Bitcoin ETFs for City's Pension Fund*🤝$BTC

Jersey City Mayor Steven Fulop plans to invest a portion of the city's pension fund in Bitcoin ETFs, following a similar move by the Wisconsin Pension Fund ¹ ² ³. Here are some key points:

- *Investment Amount*: The investment amount is expected to be similar to the 2% allocated by the Wisconsin Pension Fund, which invested $164 million in Bitcoin ETFs ¹.

- *Paperwork Update*: The Jersey City pension fund is updating its paperwork with the SEC to reflect the investment in Bitcoin ETFs ¹.

- *SEC Approval*: The SEC approved the listing and trading of spot Bitcoin ETFs on US exchanges in January ¹.

- *Blockchain Technology*: Mayor Fulop believes blockchain technology is one of the most significant technological innovations since the internet ¹.

- *Implementation*: The implementation of Bitcoin ETFs in Jersey City's pension fund is expected to be completed by the end of the summer ³.

This move reflects a growing trend of institutional acceptance of cryptocurrencies in traditional finance ³.