HomeBitcoinUW-Whitewater professor claims state is not investing enough in Bitcoin ETFs despite...

UW-Whitewater professor claims state is not investing enough in Bitcoin ETFs despite recent purchase


Wisconsin’s Pension Fund Invests $164 Million in Bitcoin ETFs: What It Means for the State

Wisconsin’s Pension Fund Makes $164 Million Investment in Bitcoin ETFs

Wisconsin’s pension fund recently made a bold move by purchasing $164 million worth of shares in Bitcoin exchange-traded funds (ETFs). This investment came after the Securities and Exchange Commission gave the green light to Bitcoin ETFs earlier this year.

The decision to invest in ETFs rather than directly in Bitcoin itself is significant, according to Paul Nylen, a professor at the University of Wisconsin-Whitewater and the faculty director of the Blockchain and Cryptocurrency Institute. Nylen explained that by investing in ETFs, pension funds can rely on trusted third-party custodians like Blackrock or Fidelity to hold the Bitcoin on their behalf, reducing the risk of loss or fraud.

While the investment in Bitcoin may seem risky to some, Nylen believes that the volatility of the cryptocurrency is actually a positive factor for long-term growth. Despite experiencing significant price fluctuations in recent years, Bitcoin has reached new highs in 2022, demonstrating its potential as a valuable asset.

In a conversation with WPR’s “Wisconsin Today,” Nylen discussed the implications of Wisconsin’s investment in Bitcoin and addressed questions about the regulatory environment for cryptocurrency. He emphasized the importance of clarity in regulatory frameworks and suggested that Wisconsin may benefit from increasing its allocation to Bitcoin in the future.

Overall, Wisconsin’s foray into the world of cryptocurrency signals a growing acceptance of digital assets in traditional investment portfolios. As the market continues to evolve, it will be interesting to see how Wisconsin’s pension fund navigates the opportunities and challenges presented by Bitcoin and other cryptocurrencies.


Donald Trump scheduled to address Bitcoin conference

Trump to Speak at Bitcoin Conference in Nashville: Will Crypto Community Support Him in the Election? The upcoming Bitcoin Conference in Nashville, Tennessee is set...

Exploring the Impact of Blockchain Technology on Payment Gateways: The Hype Magazine Dives into Urban Culture with Stories from Hip Hop to Hollywood! Discover...

Blockchain Technology: Revolutionizing Payment Gateways in Biz/Tech/NFTs Blockchain Technology Revolutionizing Payment Gateways In a world where traditional payment systems are often slow, expensive, and limited in...

Kamala Harris is learning about cryptocurrency

Vice President Kamala Harris and Crypto: A Closer Look at Her Emerging Interest Vice President Kamala Harris is making waves in the crypto world as...

Ethereum ETFs See $107 Million in Net Inflows on Debut Day

United States Ether ETFs See Strong Inflows on First Day of Trading On their first day of trading, United States Ether exchange-traded funds (ETFs) made...

Most Popular