Kansas Bill SB 34 Proposes Bitcoin ETF Investments for Pension Fund
- SB 34 allows Kansas public employees’ pension fund to invest in Bitcoin ETFs.
- The bill caps investment at 10% of the fund’s assets in Bitcoin products.
- A board of trustees will oversee investments, ensuring strategic management.
- Investments are limited to companies registered in Kansas.
- Annual evaluations will monitor performance and benefits for beneficiaries.
The Kansas State Senate is reviewing SB 34, which permits up to 10% of the public employees’ pension fund assets to be invested in Bitcoin ETFs, overseen by a newly established board of trustees. Investments must be with Kansas-registered companies, with annual reviews ensuring alignment with financial goals.
Source (2.6)https://hodl.press/kansas-considers-bill-on-pension-fund-bitcoin-etf-investments/?rand=24434
