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.)
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??).
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.)
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??).
I'm not great at reading 13Fs, but doesn't this show a 63M buy of Grayscale as well?
yes
doesnt hurt to have a little diversity.
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.
🐂ish
Only $100 M! That's very low. Why don't they make it 10x or 100x? Who cares?
I think that's the first state pension fund to buy ETFs - possible more will join
Any etf or bitcoin tfs