The Korea Instructor’s Credit score Union, which manages $40 billion in belongings, plans to start out investing in bitcoin subsequent yr, in accordance with The Korea Economic Daily.
The credit score union will not be shopping for bitcoin instantly however getting publicity to it through funding merchandise, equivalent to bitcoin ETFs. The plan is to start out doing so when the primary Korea-based firm launches a bitcoin ETF within the first half of 2022.
This would be the first occasion of a pension fund within the nation investing in bitcoin.
This comes shortly after the first bitcoin ETF was accredited within the U.S., with two now live in the marketplace. At the moment each of them are based mostly on bitcoin futures, somewhat than spot buying and selling.
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