Key dealers
- Luxembourg will be the first European country to add bitcoin to its sovereign wealth fund.
- The investment will be made via Bitcoin Exchange-Traded Funds (ETFS).
Luxembourg will be the first European country to add bitcoin to its sovereign wealth fund today and marks a historic milestone for crypto assumption on the continent.
The Ministry of Finance confirmed that the country’s sovereign wealth fund, FSIL, will distribute 1% of its portfolio to Bitcoin and other cryptocorate via ETFS.
Luxembourg’s movement follows global trends towards Bitcoin as a superb reserve access. The decision signals a broader change in European investments in public investment, with the country’s strategy that bridges traditional financing and blockchain technology.
