Another U.S. pension fund will receive Bitcoin ETF
After the state of Wisconsin, which announced that BlackRock and Grayscale received from the Bitcoin spot ETF in May, the city of Jersey, which is in the US state of New Jersey, will also receive a pension fund from this ETF. The statement came from the mayor of the city.
Steven Fulop, mayor of Jersey City, which is in the state of New Jersey, announced that the city's pension fund will invest in the Bitcoin spot ETF. Stating that the relevant transactions with the US Securities and Exchange Commission (SEC) are continuing, Fulop stated that he thinks that the process will be completed at the end of August at the latest.
'Bitcoin is no longer viewed with suspicion'
Stating that the doubts about the biggest cryptocurrency have been resolved all over the world, Fulop used the following statements from his X account:
“The issue of whether Bitcoin will stay with us has now been largely closed. Crypto and Bitcoin have won this race. I believed in Bitcoin in price declines and rises. I have never lost faith in a long time. Beyond cryptocurrencies, I believe blockchain technology is the biggest breakthrough after the internet.”
As it will be remembered, notifications to the SEC in May revealed that the state of Wisconsin's pension fund also received BlackRock's and Grayscale's Bitcoin spot ETFs. The fund had made $100 million purchases from IBIT stock and $64 million from GBTC share.
In addition to these 2 shares, the pension fund had also invested in shares of Bitcoin-focused working companies such as Coinbase, Block, Marathon and RIOT.
