Luxembourg Fund Enters Bitcoin ETFs, a First for the Eurozone
The post Luxembourg Fund Enters Bitcoin ETFs, a First for the Eurozone appeared first on Coinpedia Fintech News
Luxembourg’s Intergenerational Sovereign Wealth Fund (FSIL) has allocated 1% of its portfolio to Bitcoin ETFs, marking the first such investment by a Eurozone state fund. This strategic move reflects growing acceptance of digital assets within European institutional investors. FSIL’s updated investment framework permits up to 15% allocation in alternative assets like digital currencies. The decision signals a significant step toward broader crypto adoption at the sovereign level in the Eurozone, setting a precedent for other national funds.
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Luxembourg Fund Enters Bitcoin ETFs, a First for the Eurozone
The post Luxembourg Fund Enters Bitcoin ETFs, a First for the Eurozone appeared first on Coinpedia Fintech News
Luxembourg’s Intergenerational Sovereign Wealth Fund (FSIL) has allocated 1% of its portfolio to Bitcoin ETFs, marking the first such investment by a Eurozone state fund. This strategic move reflects growing acceptance of digital assets within European institutional investors. FSIL’s updated investment framework permits up to 15% allocation in alternative assets like digital currencies. The decision signals a significant step toward broader crypto adoption at the sovereign level in the Eurozone, setting a precedent for other national funds.
Read More