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$40 billion Korean pension fund eyes Bitcoin-related investments By BTC Peers

by Mike Robinson

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© Reuters. 40 billion Korean pension fund invests in Bitcoin-related projects

One of the largest pension funds in South Korea, the Korea Teacher’s Credit Union (KTCU), is planning to invest in via exchange-traded funds (ETFs) next year.

This public pension fund, which has $40 billion of assets, was established to offer retirement benefits to South Korean teachers.

The KTC won’t buy Bitcoin directly, as we have already stated. Instead it will be exposed through products such Bitcoin ETFs. Korea Economic Daily reports that the fund will begin investing in Bitcoin when the first Korean-based company launches its Bitcoin ETF. This is expected to happen in 2022.

This marks the first time a South Korean domestic pension fund will be publicly allocating capital into cryptocurrency-related products. This decision was made because cryptocurrencies have become a popular investment choice. According to KTCU’s opinion, as Bitcoin-related ETFs start to appear more frequently, this will lead towards a change in perception that Bitcoin can be viewed transparently and monitored.

This announcement follows the release of two Bitcoin ETFs on American soil.

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