The Korea Teachers Credit Fund (KTCU) is One of South Korea’s largest pension funds. Currently, it’s planning to invest in various Bitcoin (BTC) exchange-traded funds (ETFs).
Further more, The Korea public pension fund is for providing retirement benefits for the country’s education personnel.
More so, report from the Korea Economic Daily reveals the KTCU’s interest to invest in Bitcoin spot ETFs. However, the size of the investment is still yet not certain.
Additionally, this is first instance of a South Korean domestic pension fund allocating capital into cryptocurrency.
Notably, the fund has over $40.2 billion in assets as of Dec 2020.
Of course, this new development is on the heels that cryptocurrency is gradually becoming a mainstream investment.
Particularly, The Korea Teachers Credit Fund notes when Bitcoin ETFs start getting on. Of course, the perception of BTC shift to more transparent and supervisable investment.
Furthermore, the Houston Firefighters’ Relief and Retirement Fund (HFRRF) recently purchasing both Bitcoin (BTC) and Ethereum (ETH) contributes to the motivations.
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