Bitcoin

Steve

<ul class="wp-block-list">
 <li>A UK pension fund allocates 3% to Bitcoin, signaling a shift in traditional investment strategies toward crypto.&nbsp;</li>  
 <li>Cartwright leads the UK pension scheme’s first Bitcoin investment, aiming for long-term portfolio diversification.</li>  
 <li>The 3% Bitcoin allocation by a UK pension fund may spark interest in crypto within institutional portfolios.</li> 
</ul>  
<p>An undisclosed UK-based pension fund has <a href="https://cartwrightbenefits.co.uk/news_press_november_2024.html" target="_blank" rel="noopener noreferrer nofollow">invested</a> 3% of its total assets in Bitcoin, marking a first in the British pension sector. The allocation, conducted by Cartwright, a UK pension consultancy, is the first Bitcoin investment by a British defined benefit scheme. This move reflects a shift in the UK’s pension landscape toward crypto assets.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/BTC_Archive/status/1853467184171028702
 </div>
</figure>  
<p>Steve Robinson, head of investment implementation at Cartwright, noted that a long due diligence process contributed to the move. He noted that Bitcoin could act as an additional investment asset class and help lessen the fund’s dependence on employer contributions.&nbsp;</p>  
<p>Management of the pension fund understands the potential value of investing in bitcoin especially given the fact that it has a 10-year investment plan in place.</p>  
<h2 class="wp-block-heading" id="h-crypto-s-rising-appeal-in-pension-schemes"><strong>Crypto’s Rising Appeal in Pension Schemes</strong></h2>  
<p>This investment aligns with a growing trend in global pension funds exploring crypto assets. Legal and General, a UK investment firm with over $1.5 trillion in assets, announced in October plans to consider tokenized funds.&nbsp;</p>  
<p>Similarly, South Korea’s pension service <a href="https://cryptonewsland.com/bitcoins-big-comeback-south-korean-crypto/" target="_blank" rel="noopener noreferrer nofollow">revealed</a> a $34 million stake in MicroStrategy, a company heavily invested in Bitcoin. The State of Michigan Retirement System also <a href="https://cryptonewsland.com/6-6m-in-bitcoin-etf-invested-in/" target="_blank" rel="noopener noreferrer nofollow">disclosed</a> an $18 million investment in Bitcoin and Ether exchange-traded products by September’s end.</p>  
<p>Glenn Cameron, Cartwright’s head of digital assets, highlighted Bitcoin’s asymmetric return potential as a reason for the fund’s interest. Even a small Bitcoin allocation can impact financial performance significantly.&nbsp;</p>  
<p>Cameron noted that the pension fund designed the structure to enhance security while allowing flexibility for profit-taking.</p>  
<h2 class="wp-block-heading" id="h-potential-for-wider-institutional-adoption"><strong>Potential for Wider Institutional Adoption</strong></h2>  
<p>With this new Bitcoin investment, Cartwright has advised other UK institutional investors to consider cryptocurrency assets. According to Sam Roberts, Cartwright’s director of investment consulting, Bitcoin suits a <a href="https://cryptonewsland.com/anthony-scaramucci-analyzes-bitcoins-role-amid-blackrocks-record-inflows/" target="_blank" rel="noopener noreferrer nofollow">long-term investment</a> strategy. The consultancy aims to support funds interested in adding Bitcoin to their portfolios while mitigating risk.</p>  
<p>This UK pension fund’s investment reflects a global shift as institutional players increasingly recognize crypto assets’ potential for growth and diversification. As interest builds, more pension funds could follow suit, expanding the role of digital assets in traditional portfolios.</p> 
<p>The post <a href="https://cryptonewsland.com/uk-pension-fund-makes-landmark-3-bitcoin-allocation/" rel="noopener noreferrer nofollow">UK Pension Fund Makes Landmark 3% Bitcoin Allocation, Paving Way for Crypto Adoption</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

UK Pension Fund Makes Landmark 3% Bitcoin Allocation, Paving Way for Crypto Adoption

Table of Contents

Crypto News Land

Other articles published on Nov 5, 2024

1,600 BTC Transferred to Mysterious Whale Wallet, What's Going On?

Bitcoin’s fair value: BTC may never fall below $60K, says economist

Zeebu Announces Successful $ZBU Token Burn for Q4 2024, Exceeding $1.1 Billion

Gate.io Shatters Records in Total Trading Volume in Q3 2024, With Its User Base Surpassing 17 Mil...

Tether’s USDT was the most active token on Toncoin in October

Bitcoin Analysts Double Down on $200K Target Amid 2024 Election Uncertainty

Join our free newsletter for daily crypto updates!