The Houston Firefighters' Retirement Fund (HFRRF) has moved part of its portfolio into Bitcoin and Ethereum. Institutions are confident that the rise in the price of crypto assets is not over, so such an investment will bring good interest.
The initiative to use crypto assets to receive profit in the form of dividends came from American pensioners themselves. The investment volume was $25 million, the deal was executed by NYDIG. HFRRF's Director of Investment said:
We are excited to take our first step into the world of digital assets. We have been exploring digital assets and their potential for a long time, and we are pleased to partner with NYDIG, which provides a secure and compliant transaction.
According to the fund's 2020 report, it had approximately $4.1 billion in currencies and assets on its balance sheet. This means that he invested about 0.6% of his portfolio in cryptocurrencies.
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According to markets.businessinsider.com
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