The large Australian pension fund AMP has allocated about 17.2 million US dollars to Bitcoin futures products
According to Bloomberg, Australian pension and wealth management company AMP announced it will allocate Bitcoin futures products, with an investment scale reaching 27 million Australian dollars (about 17.2 million US dollars), accounting for 0.05% of its total pension assets.
This is the first time that Australia's 4.1 trillion Australian dollar pension system has ventured into crypto assets. Although Reserve Bank of Australia Governor Michele Bullock takes a cautious stance on crypto assets, AMP stated it will continue to manage related portfolios under a strict risk control framework.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Citi: Fed expected to cut rates by 25 bps at every meeting until July next year
BTC falls below $100,000
OPINION: Ether to hit $5,000 early next year as analysts are generally bullish for Christmas
Trending news
MoreCrypto prices
More
