Luxembourg Sovereign Fund Invests in Bitcoin: First in Europe

Luxembourg’s sovereign wealth fund has become the first in the Eurozone to invest in Bitcoin, allocating 1% of its $730 million portfolio to Bitcoin exchange-traded funds (ETFs). Finance Minister Gilles Roth announced the decision on Thursday, marking a turning point in how state capital interacts with digital assets. The move highlights the cryptocurrency’s growing legitimacy among institutional allocators. Once treated as a speculative outlier, Bitcoin is now being evaluated alongside traditional stores of value and inflation-hedging instruments source: https://beincrypto.com/luxembourg-sovereign-fund-invests-in-bitcoin-first-in-europe/