FTX’s $16B payout in Q4 2024 could drive fresh liquidity into crypto markets
PRIM pension fund hits $105.3B in AUM, showing renewed interest in digital assets.
Institutional interest signals potential crypto market rebound.
FTX is gearing up to release $16 billion to creditors by Q4 2024, potentially providing a fresh influx of liquidity into crypto markets. Adding to the positive sentiment, pension funds like PRIM are looking into investment opportunities in digital assets, suggesting growing mainstream acceptance and institutional interest in cryptocurrency.
Pension Fund’s Crypto Foray Boosts Confidence
Though traditionally conservative, the Massachusetts Pension Reserves Investment Management (PRIM) Board has joined a growing list of institutional investors with exposure to cryptocurrency. PRIM manages public pension assets through the Pension Reserves Investment Trust (PRIT) Fund, which recently reached a record $105.3 billion in assets under management (AUM) as of June 2024.
PRIM’s decision to explore cryptocurrency investments speaks to the resilience and possible long-term value of the digital asset market, even with the challenges the sector h…
The post FTX Refunds and Pension Fund’s Crypto Interest Spark Market Optimism appeared first on Coin Edition.
