Do not invest money unless you’re prepared to lose it all. This is an investment that carries a high level of risk. Don’t expect to get protected in the event something goes wrong.
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The Arizona State Senate has passed a resolution encouraging state pensions and their employees to add spot Bitcoin ETFs, exchange-traded funds (ETFs), and other digital assets ETFs to their portfolios.
It is important to note that the word “you” means “you”. resolution Arizona State Retirement System, Public Safety Personnel Retirement System, and other retirement systems should seriously consider the impact of adding ETFs for digital assets to their investment portfolio.
They are also asked to closely monitor the development of Bitcoin ETFs as well as other digital asset ETFs.
The report should include a thorough analysis of the risks and benefits associated with directing some of the money from state retirement systems into ETFs that invest in digital assets.
BREAKING: Arizona Senate passes resolution to conduct a study on the state pensions. #bitcoin ETF. pic.twitter.com/B01i9iVncK
— Dennis Porter (@Dennis_Porter_) March 6, 2024
Spot Bitcoin ETFs continue to attract massive inflows
Spot BTC ETFs posted $332 million in net inflows BlackRock IBIT ETF was the top performer with a $281-million inflow.
Nate Geraci (President of ETF Store) noted that flows into spot BTC ETFs during the first two months following their launch exceeded those into gold ETFs over the past five years.
Wild stat…
Total flows into 9 new spot bitcoin ETFs over past 2mos exceeds total flows into all physical gold ETFs over past *5yrs*.
Physical gold ETFs: Nearly $100bil AUM
— Nate Geraci (@NateGeraci) March 7, 2024
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“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: insidebitcoins.com