Arizona Senate urges state pension fund to add Bitcoin ETF exposure

The U.S. Senate in Arizona has introduced a resolution recommending that lawmakers and state pension fund managers consider allocating part of their investment portfolios to a Bitcoin ETF. According to a fact sheet, the resolution comes less than a month after the U.S. SEC allowed Bitcoin ETFs to begin trading, urging the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to monitor these new investment vehicles and Consider increasing risk exposure. The state Senate passed the resolution in a 16-13 vote and now goes to the state House Ways and Means Committee for consideration. (Blockworks)