US Public Pension Fund for Firefighters Adds Bitcoin and Ether Worth $25 Mill...
The $5.5 billion pension fund for the U.S. city of Houston’s firefighters has announced an investment in bitcoin and ether. “This investment marks the first announced investment in digital assets by a public pension plan in the U.S.” ‘A Watershed Moment for Bitcoin and Its Place in Public Pensions’ The Houston Firefighters’ Relief and Retirement Fund (HFRRF), the pension fund for the city of Houston’s firefighters, announced Thursday that it had purchased bitcoin and ether for the defined benefit plan’s portfolio. The....
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The fund is responsible for the benefits of more than 6,600 active and retired firefighters as well as surviving family members. The pension fund for firefighters in Houston has allocated part of its $4 billion portfolio towards crypto.According to an Oct. 21 Bloomberg report, the Houston Firefighters' Relief and Retirement Fund used the New York Digital Investment Group, or NYDIG, to execute the purchase of $25 million in Bitcoin (BTC) and Ether (ETH). Public records through the Texas comptroller’s office show the pension fund held more than $4.1 billion in total net assets as of June....
American multinational financial services corporation, Morgan Stanley, has predicted that the U.K.’s Pension Protection Fund are likely to record their worst deficit ever. What is the Pension Protection Fund? Set up in April 2005, the Pension Protection Fund (PPF) was established to pay a pension to members of eligible defined benefit pension schemes if....
The largest public pension in the U.S. bought more RIOT shares for the first time since 2017.
ETH price failed to overcome its previous all-time high, but derivatives data signals that bulls will try their best to keep the price above $4,000 for the short-term. Ether (ETH) flirted with its $4,380 all-time high on Oct. 21 but failed to breach it by a few dollars. Some analysts, including independent market analyst Scott Melker, believe that an exchange-traded fund (ETF) approval is the next logical step for the U.S. Securities and Exchange Commission (SEC).My bet is we will see an Ethereum Futures ETF before we see a physical Bitcoin ETF.— The Wolf Of All Streets....
Board members of the California Public Employees' Retirement System (CalPERS) recently took part in a discussion on blockchain technology as part of a broader conversation about future investment opportunities. The meeting is notable given the size of CalPERS, which manages just over $300bn in assets, making it the largest public pension fund of its kind in the US. As previously reported by journalist Brian Cohen, the meeting (which took place in late July) featured a presentation by Jesse McWaters of the World Economic Forum. McWaters provided an expansive look at the current pace of....