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10 sats \ 1 reply \ @halleck 14 May
I'm not great at reading 13Fs, but doesn't this show a 63M buy of Grayscale as well?
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yes
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It's an independently-run investment board for the state, so this is basically investment group deciding that they'll make fiat money as a result of this, either due to dividends (not sure if ETFs offer them) or by selling when it goes up. So it's a sign of some short-term bullishness, maybe, but not from the government.
(Not trying to throw cold water on your find, just adding context.)
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I think it's pretty bullish for the pension space. Many of which are struggling due to mismanagement and higher than forecasted expenditures.
89% of this group's AUM is for WRS, a public pension fund, and the other assets are for state operations and an SMA (I guess they invest on the behalf of private investors or other governments??).
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🐂ish
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Only $100 M! That's very low. Why don't they make it 10x or 100x? Who cares?
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doesnt hurt to have a little diversity.
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It's happening. Large institutions are starting to allocate 0.1%, 0.2% etc. You can still get huge upsides with the amount of capital they hold.
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I think that's the first state pension fund to buy ETFs - possible more will join
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Any etf or bitcoin tfs
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