CoinVoice has recently learned that the ethical oversight body of Norway's sovereign wealth fund will conduct an investigation next year into the companies in the fund's portfolio (including those in the cryptocurrency sector) to determine whether there are any ethical violations. If issues are confirmed, the fund may choose to divest from these entities.
The Government Pension Fund Global of Norway is the largest sovereign wealth fund in the world, managing assets worth $1.8 trillion. The fund was established to manage surplus revenues from the oil and gas industry, aiming to ensure financial stability for future generations through diversified global investments.
The agency reviewed an ethical committee document sent to the Treasury on October 10. The document indicated that in 2025, the ethical committee will investigate companies involved in cryptocurrency and gambling due to their high money laundering risk.
It is reported that the fund has increased its cryptocurrency investments, acquiring a 0.83% stake in Coinbase worth $453 million. It has also purchased shares in Marathon Strategy, Block, and Marathon Digital. [Original link]