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As institutional investments in Bitcoin continue to make headlines, a significant development has emerged from the United Kingdom. For the first time, a UK pension fund has made a direct investment in Bitcoin, marking a notable milestone for the crypto market. 
<a href="https://www.qubetics.com/?utm_source=TNYR&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" decoding="async" class="size-full wp-image-24541 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Qubetics-is-728x90-1-1.jpg" alt="Qubetics is 728x90 1 1" width="728" height="90" title="A Historic First in the UK! A Pension Fund Invests Directly in Bitcoin (BTC) 52"></a> 
<h2 id="a-pioneering-move-led-by-cartwright">A Pioneering Move Led by Cartwright</h2> 
UK pension specialist Cartwright played a key role in facilitating this unprecedented move, becoming the first to guide a pension fund in directly purchasing Bitcoin. Instead of utilizing an intermediary like a spot Bitcoin ETF, the unnamed fund allocated 3% of its total assets directly to BTC. 
According to Glenn Cameron, Cartwright’s head of digital assets, the fund made its Bitcoin purchase last month, investing approximately £50 million (about $65 million). Cartwright has since encouraged other institutional investors to follow suit, emphasizing Bitcoin’s potential in diversified portfolios. 
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<h2 id="global-trends-in-pension-funds-and-crypto-investments">Global Trends in Pension Funds and Crypto Investments</h2> 
As more local and federal governments consider crypto investments for pension funds in 2024, the UK’s interest in digital assets is growing. Legal &amp; General, a major UK pension and investment company with over $1.5 trillion in assets under management, recently expressed interest in exploring tokenized funds as a possible investment offering. 
In addition to the UK, South Korea’s pension fund recently reported an exposure of approximately $34 million to Bitcoin bull MicroStrategy. Meanwhile, in the U.S., Michigan State’s pension fund disclosed an investment of around $18 million in Bitcoin and Ethereum as of September 30. 
For the latest on institutional moves in the crypto market, stay tuned to <a href="http://turkishnyradio.com" target="_blank" rel="noopener">Turkish NY Radio</a>.

A Historic First in the UK! A Pension Fund Invests Directly in Bitcoin (BTC)

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