Australian Pension Fund Hostplus Plots Crypto Play, Here’s What It Would Actually Mean For Bitcoin
Hostplus, a major Australian pension fund with over A$150 billion in assets, is exploring offering Bitcoin and other digital assets to its members. This initiative, driven by member demand, is still in the design phase and subject to regulatory approval. The fund's Chief Investment Officer, Sam Sicilia, stated they are willing to wait for regulatory clearance, even if it takes another six months. If approved, Bitcoin and other digital assets, including music rights, could be added to the self-directed Choiceplus option by next financial year. While this represents a significant signal for institutional crypto adoption, the article cautions that pension adoption remains slow and regulators are still skeptical. This should be viewed as an early test case rather than a trigger for widespread investment.
bitcoinist03/25 11:31
