Luxembourg Invests in Bitcoin ETFs, Marks First European Sovereign Wealth Move

Luxembourg is making history as the first European country to invest its sovereign wealth fund in Bitcoin exchange-traded funds (ETFs). The country allocated 1% of its Intergenerational Sovereign Wealth Fund’s $888 million assets into a Bitcoin Spot ETF, marking a significant shift in its approach to digital assets. 🤯 This decision is part of a new investment policy that allows for up to 15% of the fund’s assets to be allocated to alternative investments such as Bitcoin real estate and private equity.