#Bitcoin(BTC)

from : Akademi Crypto (yt)

Arizona US Senator Proposes Bitcoin ETF to Enter Investment Portfolio

A United States Senator from the State of Arizona is proposing to include a Bitcoin Spot ETF in two state pension portfolios. This is done to increase inclusiveness and diversification of assets owned.

Currently, this proposal is still in the discussion and review stage. However, if approved, the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) will include the Bitcoin Spot ETF as one of the investment instruments in the state retiree's portfolio.

"By considering a Bitcoin ETF, Arizona wants to capitalize on the inherent value and potential stability offered by Bitcoin, similar to traditional safe-haven investments like gold," said Satoshi Action Fund CEO Dennis Porter.