related posts
10 sats \ 1 reply \ @halleck 14 May
I'm not great at reading 13Fs, but doesn't this show a 63M buy of Grayscale as well?
reply
0 sats \ 0 replies \ @Gian OP 14 May
yes
reply
90 sats \ 1 reply \ @StillStackinAfterAllTheseYears 14 May
It's an independently-run investment board for the state, so this is basically investment group deciding that they'll make fiat money as a result of this, either due to dividends (not sure if ETFs offer them) or by selling when it goes up. So it's a sign of some short-term bullishness, maybe, but not from the government.
(Not trying to throw cold water on your find, just adding context.)
reply
0 sats \ 0 replies \ @_stacktoshi 14 May
I think it's pretty bullish for the pension space. Many of which are struggling due to mismanagement and higher than forecasted expenditures.
89% of this group's AUM is for WRS, a public pension fund, and the other assets are for state operations and an SMA (I guess they invest on the behalf of private investors or other governments??).
reply
1 sat \ 0 replies \ @TNStacker 14 May
🐂ish
reply
0 sats \ 0 replies \ @Coinsreporter 14 May
Only $100 M! That's very low. Why don't they make it 10x or 100x? Who cares?
reply
0 sats \ 1 reply \ @Satosora 14 May
doesnt hurt to have a little diversity.
reply
10 sats \ 0 replies \ @teemupleb 15 May
It's happening. Large institutions are starting to allocate 0.1%, 0.2% etc. You can still get huge upsides with the amount of capital they hold.
reply
0 sats \ 1 reply \ @vigilantcitizen 14 May
I think that's the first state pension fund to buy ETFs - possible more will join
reply
0 sats \ 0 replies \ @chovy 14 May
Any etf or bitcoin tfs
reply