TIME

Financial Times: Pension funds are trying to buy BTC

ChainCatcher news, according to the Financial Times, pension funds are trying to buy Bitcoin. Pension funds in Wisconsin and Michigan have become one of the largest holders of U.S. stock market funds focused on cryptocurrency, while some pension fund management agencies in the UK and Australia have also made small allocations to Bitcoin through funds or derivatives in recent months.As of the end of September, the Wisconsin Investment Board became the 12th largest shareholder of the BlackRock Bitcoin ETF, with shares worth approximately $155 million. Michigan is the sixth largest shareholder of the Grayscale Ethereum ETF, with holdings valued at $12.9 million, and is also the 11th largest shareholder of the ARK 21Shares Bitcoin ETF.Since U.S. Election Day, the UK pension fund consultancy Mercer has received a large number of inquiries, as trustees do not want to be ignorant of popular asset classes. Most pension funds have turned to the regulated U.S. spot Bitcoin or Ethereum ETFs approved last year. In the UK, the pension consultancy Cartwright has facilitated the first Bitcoin transaction, with a small undisclosed pension plan directly investing about £1.5 million in Bitcoin, hoping to fill funding gaps through excess returns.At the same time, more than 50 individual savers wish to transfer their entire pensions into cryptocurrency. Cartwright is exploring the possibility of establishing a Bitcoin fund with two multi-employer pension funds. Australia's AMP Capital has also utilized Bitcoin to enhance returns. AMP Senior Portfolio Manager Steve Flegg stated that although cryptocurrencies are high-risk and novel, their scale and potential cannot be ignored, thus the AMP portfolio has made a moderate allocation to Bitcoin futures.However, funds allocating to Bitcoin and other cryptocurrencies remain in the minority within the pension industry, and most advisors are reluctant to recommend that clients venture into cryptocurrencies.

Market news: Thailand may allow Bitcoin ETFs to be listed on local exchanges for the first time

ChainCatcher news, according to Bloomberg, the Thai Securities and Exchange Commission (SEC) is considering allowing Bitcoin exchange-traded funds (ETFs) to be listed on local exchanges for the first time, aiming to promote the country as a digital asset hub. SEC Secretary-General Pornanong Budsaratragoon stated that the proposed new regulations will allow both individual and institutional investors to invest in local Bitcoin ETFs. Previously, Thailand's One Asset Management launched a fund portfolio in June 2024, providing investors with indirect exposure to overseas Bitcoin ETFs, but direct investment products in Bitcoin have not yet been permitted.This potential policy shift comes as competition intensifies among digital asset hubs in the Asia-Pacific region. Singapore and Hong Kong have implemented supportive policies, while U.S. presidential candidate Trump has also pledged to make the U.S. a global cryptocurrency center. Pornanong stated, "Like it or not, we must follow the pace of global cryptocurrency adoption. We need to adapt to changes and provide investors with more protected investment options in crypto assets." Additionally, Thailand is gradually easing restrictions on digital assets, including considering the launch of a government bond-backed stablecoin and planning to establish a tourism service sandbox for Bitcoin trading in Phuket.According to the latest data, as of November 30, there are approximately 270,000 active cryptocurrency trading accounts in Thailand.

RWA's advertising time platform ATT Global has reached a strategic cooperation with the non-small number information platform

ChainCatcher news, RWA's advertising time platform ATT Global has reached a strategic cooperation with the non-small number information platform. The two sides will cooperate deeply in media promotion, advertising platform display, global roadshows, and ATT ecosystem construction, further expanding and improving both parties' international markets. ATT Global will periodically provide reward activities for the core users of the non-small number platform, and the non-small number information platform will also participate in the ecological construction of the ATT Global platform with part of its revenue.The non-small number information platform is a Chinese Web3 market information platform with an 8-year brand history, over 5 million users, and more than 200,000 daily active users, covering information on over 10,000 cryptocurrencies and more than 100 trading platforms. It helps you track market trends and view market information.Advertising Time Trace (ATT) is a forward-looking Web3.0 application project that integrates RWA+DePin technology. Through its unique DA-AIOT-P (Decentralized Assets - Artificial Intelligence of Things - Payment) mechanism, it has built a new digital advertising ecosystem that integrates physical advertising assets, advertising e-commerce merchants, user resources, and digital technology. Currently, a commercial advertising system centered around the LED screens in Lan Kwai Fong, Hong Kong has been formed, gradually improving LED screen advertising coverage in core commercial areas such as Southeast Asia, Japan and South Korea, and Europe. The core participants in the ecosystem have reached tens of thousands, with the potential to reach hundreds of thousands of commercial ecosystem users, aiming to become a new entry point for traffic and assets in the Web3 field.
ChainCatcher Building the Web3 world with innovators