Luxembourg Invests in Bitcoin ETFs: Historic Move Marks First Eurozone Adoption

Luxembourg has taken a pioneering step in the world of digital finance by allocating 1% of its national wealth fund to Bitcoin exchange-traded funds (ETFs). This historic move marks the first time a country in the Eurozone officially incorporates Bitcoin ETFs into state-backed investment portfolios. Luxembourg’s Intergenerational Sovereign Wealth Fund (FSIL) invested approximately $9 million in these ETFs, signifying a bold shift toward embracing digital assets for future generations.