Luxembourg’s sovereign wealth fund has become the first in the Eurozone to invest in Bitcoin. The fund allocated 1% of its $730 million portfolio to Bitcoin exchange-traded funds (ETFs), marking a significant move for the asset class within the European financial landscape. This decision was driven by a revised mandate that allows the Intergenerational Sovereign Wealth Fund (FSIL) to allocate up to 15% of its portfolio to alternative assets, including cryptocurrencies. The FSIL’s primary focus is on building reserves for future generations, and this investment represents a bold step in diversifying their holdings and demonstrating support for the growing cryptocurrency market.