{
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Australia's first super fund invests 27 million dollars in Bitcoin

AMP has become Australia's first superannuation fund to invest in Bitcoin, allocating $27 million, or 0.05% of its $57 billion assets, to the digital asset. This move is part of a diversification strategy aimed at enhancing returns and managing risk, despite skepticism from other major funds like AustralianSuper and Australian Retirement Trust. The investment reflects a growing trend among institutional investors recognizing the significance of the crypto market.
Crypto Briefing
Australian Retirement Trust Australiansuper AUS Caroline Bowler Dan Farmer Steve Flegg Richard Holden Stuart Eliot Show more
Finance & Economy, Market Report
14:09 12.12.2024
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