The Norwegian Sovereign Wealth Fund is set to conduct an ethical review of its investment portfolio, targeting companies in the cryptocurrency sector. As the world's largest sovereign wealth fund, managing $1.8 trillion in assets, the Norwegian Government Pension Fund Global plans to focus on a review of the cryptocurrency and gambling industries in 2025, as these are seen as high-risk areas for money laundering.
This investigation could lead the fund to divest from companies with ethical violations. Currently, the fund has made investments in the crypto space, holding 0.83% of Coinbase shares, valued at $453 million, and investing in companies like Marathon Strategy, Block, and Marathon Digital. The results of future investigations may affect the status of these investments.