Jersey City Mayor Steven Fulop announced that the city will invest a portion of its pension fund in a spot Bitcoin ETF. The specific ETF was not mentioned. This decision follows a similar investment by Wisconsin's pension fund. Fulop, a long-time crypto advocate, believes in the enduring value of Bitcoin and the transformative potential of blockchain tech. Jersey City is working to complete the necessary SEC paperwork by the end of summer, with the announcement also serving as a strategic move in Fulop's campaign for the Democratic nomination for governor of New Jersey.

Source: Beincrypto