Photo: Li Jia
Luxembourg’s sovereign wealth fund to invest 1% of its portfolio in Bitcoin and crypto
Luxembourg's crypto investment may inspire other nations to integrate digital assets, potentially reshaping global financial strategies.
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Luxembourg will become the first European country to add Bitcoin to its sovereign wealth fund today, marking a historic milestone for crypto adoption on the continent.
The Finance Ministry confirmed that the country’s sovereign wealth fund, FSIL, will allocate 1% of its portfolio to Bitcoin and other cryptocurrencies via ETFs.
Luxembourg’s move follows global trends toward Bitcoin as a sovereign reserve asset. The decision signals a broader shift in European public investment strategies, with the nation’s approach bridging traditional finance and blockchain technology.