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allocate part of the pension funds to Bitcoin ETFs
The post allocate part of the pension funds to Bitcoin ETFs appeared on BitcoinEthereumNews.com. Kansas proposes an innovative change of course: allocate 10% of public pension funds to Bitcoin ETFs. A bill that could mark a turning point in the approach to investments in cryptocurrencies. Let’s see all the details in this article. A pioneering initiative aims to include Bitcoin ETFs in the Kansas state pension plan The landscape of state investments could soon embrace the future of criptovalute, thanks to an innovative proposal from Kansas. The Senate Bill 34, presented by Senator Craig Bowser, proposes to allocate up to 10% of public employees’ pension funds in Bitcoin ETFs. This step could represent an important evolution in the way traditional institutions consider digital resources. The bill introduces the possibility for the Kansas Public Employees Retirement System (KPERS) to invest a portion of the pension fund in ETFs backed by Bitcoin. According to the proposal, a dedicated board of directors would be tasked with overseeing the entire process. The selected ETFs must be issued by investment companies registered in the state of Kansas. Bowser emphasized that the board of directors will have the task of investing and reinvesting the funds, ensuring transparency and responsibility. In the event that the value of the ETFs on Bitcoin exceeds the 10% limit, the board will not be obliged to sell, unless it is deemed advantageous for the beneficiaries. A crucial element of the bill is the obligation to conduct an annual review of the investment program. This monitoring would allow for the evaluation of ETF performance and the making of strategic decisions based on concrete data. The objective is to balance the opportunities offered by investments in cryptocurrencies with the need to ensure stability and security to the public employees’ pension funds. Legislative challenges and changes in perspective Despite the potential positive impact, the bill still has to…
The post allocate part of the pension funds to Bitcoin ETFs appeared on BitcoinEthereumNews.com.
Kansas proposes an innovative change of course: allocate 10% of public pension funds to Bitcoin ETFs. A bill that could mark a turning point in the approach to investments in cryptocurrencies. Let’s see all the details in this article. A pioneering initiative aims to include Bitcoin ETFs in the Kansas state pension plan The landscape of state investments could soon embrace the future of criptovalute, thanks to an innovative proposal from Kansas. The Senate Bill 34, presented by Senator Craig Bowser, proposes to allocate up to 10% of public employees’ pension funds in Bitcoin ETFs. This step could represent an important evolution in the way traditional institutions consider digital resources. The bill introduces the possibility for the Kansas Public Employees Retirement System (KPERS) to invest a portion of the pension fund in ETFs backed by Bitcoin. According to the proposal, a dedicated board of directors would be tasked with overseeing the entire process. The selected ETFs must be issued by investment companies registered in the state of Kansas. Bowser emphasized that the board of directors will have the task of investing and reinvesting the funds, ensuring transparency and responsibility. In the event that the value of the ETFs on Bitcoin exceeds the 10% limit, the board will not be obliged to sell, unless it is deemed advantageous for the beneficiaries. A crucial element of the bill is the obligation to conduct an annual review of the investment program. This monitoring would allow for the evaluation of ETF performance and the making of strategic decisions based on concrete data. The objective is to balance the opportunities offered by investments in cryptocurrencies with the need to ensure stability and security to the public employees’ pension funds. Legislative challenges and changes in perspective Despite the potential positive impact, the bill still has to…
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