City Pension Fund to Invest in Bitcoin ETFs

Mayor Steven Fulop confirms allocation, following Wisconsin's lead in cryptocurrency adoption.

Jersey City plans to allocate a portion of its pension fund to Bitcoin ETFs, similar to Wisconsin's 2% investment.
Mayor Fulop announced the move on social media, highlighting his long-standing belief in cryptocurrency and blockchain.
The exact ETF and allocation percentage have not been disclosed, but the investment is expected to be finalized by the end of summer.
This decision marks a growing trend of public pension funds exploring cryptocurrency investments.
Fulop is also running for New Jersey governor, with his pro-crypto stance likely to influence his campaign.