PFA and Alecta remain cautious about crypto despite ETF approval

The spot bitcoin ETFs that started trading on Wall Street on Thursday will most likely be ignored by some of the largest Nordic pension funds.

The spot bitcoin ETFs that started trading on Wall Street on Thursday. BlackRock's iShares Bitcoin Trust — IBIT — saw USD 1bn change hand on the first day of trading. | Photo: Stephanie Keith/AFP/Ritzau Scanpix

by PHILIP MADSEN

It was seen as a breakthrough moment for the crypto industry when the US Securities and Exchange Commission approved the first spot bitcoin ETF on Wednesday, as the funds are seen as the ultimate stepping stone to draw new retail and institutional investors into the market.

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PFA and Alecta remain cautious about crypto despite ETF approval

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SEC authorizes spot Bitcoin ETFs in crypto’s breakthrough

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Front page now

Comment: Investors don’t need to invent policies on Gaza

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Nordic Alpha Partners reels in international investment giants for second fund

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Further reading

Nordic institutional investors still see potential in beleaguered Swedish battery producer

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The list of money managers axing oil stocks just got longer

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Eight Nordic managers move up in global top 500 ranking