Golden Finance reported that Steven Fulop, the mayor of Jersey City, New Jersey, announced on Thursday that the city's pension fund will invest a certain percentage of its investments in a Bitcoin exchange-traded fund (ETF). Fulop wrote on the social media platform X that Jersey City's pension fund is updating its documents with the U.S. SEC, similar to the pension fund in Wisconsin. The mayor estimates that the process will be completed by the end of the summer. Fulop said: "The question of whether cryptocurrencies and Bitcoin will continue to exist is basically over. Cryptocurrencies and Bitcoin have won. I have always believed in cryptocurrencies (experienced ups and downs), but broadly speaking, in addition to cryptocurrencies, I do believe that blockchain is one of the most important new technological innovations since the Internet."