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Australian superannuation fund AMP invests 27 million dollars in Bitcoin

AMP, an Australian superannuation fund, has invested approximately $27 million in Bitcoin, marking it as the first major Australian fund to do so. This investment represents a conservative 0.05% of its $57 billion assets under management, acquired during Bitcoin's price rally following Donald Trump's electoral victory. Despite this move, other Australian superannuation funds remain hesitant to adopt Bitcoin, viewing it as too risky.
Cointelegraph
United States Dollar MicroStrategy Inc ARK 21Shares Bitcoin ETF KOR USA GBR AUS Donald Trump Jimmy Patronis Sam Roberts Show more
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20:16 12.12.2024
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