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Pension funds cannot buy Bitcoin directly. Some even not ETF. If some fund can only buy converts, they diversify their portfolios like this.
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Trapped capital; option upside
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Pension funds cannot buy Bitcoin directly. Some even not ETF. If some fund can only buy converts, they diversify their portfolios like this.
Trapped capital; option upside
But the thing is betting on the price of the stock rising, and the price of the stock is betting on BTC price rising, right? I saw they pay zero interest (coupon) so why would someone buy that crap?