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Category: CRYPTO NEWS
The post US State of Indiana Seeks Bitcoin ETF Bet for Retirement Funds appeared on BitcoinEthereumNews.com. Jake Teshka, the representative of the US state of Indiana, has introduced legislative bill to seek Bitcoin ETF exposure for retirement funds. The regulated BTC ETFs made strong inroads into the US market last year with the total assets under management across 12 ETFs crossing $122 billion. Moreover, US states like Utah have started making moves to build their own Bitcoin reserves. Indiana State Bill Proposes Bitcoin ETF Investment Option A new state House bill (HB 1322) requires the Department of Administration to evaluate blockchain technology’s potential for improving government efficiency and data security by March 2026. The bill, authored by Rep. Jake Teshka and co-authored by Reps. Shane Lindauer and Cory Criswell, also authorize state retirement funds to invest in Bitcoin exchange-traded funds (ETFs). The department must submit findings to the legislative council by October 2026. If passed, the law would allow investments from the public employees’ retirement fund, state teachers’ retirement fund, and public officers’ funds in certain Bitcoin-related investment vehicles such as Bitcoin ETFs. Over the last 13 years, Bitcoin has generated a staggering 109% annual compounded returns making it one of the most attractive investment asset classes. As a result, investors are looking beyond traditional investment options to take some BTC exposure and provide better returns to the fund holders. Pension Funds Seeks Exposure to Crypto ETFs A recent report highlights a growing trend among crypto pension funds toward US-regulated cryptocurrency exchange-traded funds (ETFs). Pension schemes in states like Wisconsin and Michigan have emerged as significant investors in crypto-focused funds, alongside increasing participation from UK and Australian pension funds, albeit with smaller investments. The State of Wisconsin Investment Board currently holds a $155 million stake in BlackRock’s Bitcoin ETF. On the other hand, Michigan is the sixth-largest shareholder in Grayscale’s Ethereum ETF, with a $12.9 million…
2025-01-30T19:45:14+00:00
https://bitcoinethereumnews.com/bitcoin/us-state-of-indiana-seeks-bitcoin-etf-bet-for-retirement-funds/?utm_source=rss&utm_medium=rss&utm_campaign=us-state-of-indiana-seeks-bitcoin-etf-bet-for-retirement-funds