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    Asad Shaikh in Ethereum

    07 Mar 08:30 AM


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    Arizona’s Senate mulls proposal to add Bitcoin ETFs to retirement portfolios

    Satoshi Action Fund’s CEO Dennis Porter said even adding a small amount of Bitcoin ETF exposure could “DRAMATICALLY” de-risk an asset portfolio.
    The Arizona State Senate is considering a proposal to encourage the inclusion of Bitcoin exchange-traded funds (ETFs) in two of the state’s retirement portfolios.

    The resolution is currently being reviewed by the House for a second time after it passed the Senate's Third Reading in a 16-13 vote on Feb. 22, records show.

    If passed, the proposal would encourage the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to consider adding exposure to Bitcoin ETFs in their respective portfolios, according to state records.

    #Bitcoin
    #Business
    #SEC
    #ETF
    #Adoption
    #Arizona
    #United States
    #Retirement
    #Pensions

    Source - Coin Telegraph