Jersey City Mayor Fulop Confirms Pension Fund Allocating into Bitcoin ETFs
Mayor Steven Fulop announces Jersey City's municipal employees retirement system has begun formal SEC filing amendments to allocate 2% of total reserves into spot Bitcoin ETFs.
How Much Bitcoin
$80,000,000 (Paper BTC via ETF)
BTC Price Then
$65,777
Price Change
+47%
Location
United States
Frequently Asked Questions
Who is adopting Bitcoin in "Jersey City Mayor Fulop Confirms Pension Fund Allocating into Bitcoin ETFs"?
Jersey City Municipal Employees Pension (Fund) is the entity adopting or allocating into Bitcoin in United States.
What type of entity is Jersey City Municipal Employees Pension?
Jersey City Municipal Employees Pension is classified as a Fund in the Bitcoin adoption ledger.
How much Bitcoin is being acquired or held?
$80,000,000 (Paper BTC via ETF). This represents indirect (paper) Bitcoin exposure through an exchange-traded fund.
What was the Bitcoin price at the time of this adoption?
At the time of this event, Bitcoin was priced at $65,777 per BTC (a +46% change versus the current live price).
When did this Bitcoin adoption event happen?
This adoption event was recorded on Thu, Jul 25, 2024.
Where is this Bitcoin adoption taking place?
This adoption is attributed to United States.
What is the source of this Bitcoin adoption story?
Originally reported by Jersey City Office and indexed from the original report.
Originally reported by Jersey City Office
Read the original report