Pension funds are dipping their toes into buying bitcoin, in a sign that even typically staid corners of finance are finding it hard to ignore the potential outsized returns from cryptocurrencies. Most funds have turned to the regulated US exchange traded funds approved last year, which invest directly in crypto on investors’ behalf and track the price of tokens such as bitcoin and ethereum.
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Pension funds dabble in crypto after massive bitcoin rally
Matt Scott, a consultant at Mercer, which advises UK pension funds, said: “Since election day we have been getting a flood of queries in — trustees don’t like to think that there’s a hot asset class out there that they don’t know anything about.”
