Luxembourg’s Sovereign Wealth Fund Invests in Bitcoin ETF

Luxembourg’s Intergenerational Sovereign Wealth Fund (FSIL) made history by allocating 1% of its $730 million assets to a Bitcoin ETF, becoming the first national fund in the Eurozone to do so. This move follows FSIL’s updated framework that allows it to invest up to 15% of its holdings in alternative assets, including cryptocurrencies like Bitcoin. While other European nations have held Bitcoin in various forms, many are derived from seized criminal assets, with Georgia standing out as an exception, holding 66 Bitcoins for investment purposes.