South Korean Pension Fund to Buy Bitcoin

Written By Guest User

  • The Korean Teachers’ Credit Union (KTCU), a South Korean public pension fund, is looking to add Bitcoin (BTC) to its portfolio by way of a crypto exchange-traded fund (ETF).

  • The group has reportedly inquired about several Bitcoin ETF products, including two Bitcoin futures ETFs managed by the South Korean firm Mirae Asset Global Investments.

  • An spokesperson from KTCU stated that “as there are some well-made cryptocurrency linked ETF products by asset managers such as Korea’s Mirae Asset Global Investments, we plan to invest in the ETF products after consultation with domestic asset managers.”

  • KTCU is the second largest institutional group in South Korea with over $40.2 billion in assets under management.

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