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4d ago

Luxembourg’s Sovereign Fund Makes First Eurozone Bitcoin Allocation

Officials describe the ETF route as cautious diversification enabled by a July policy shift.

Photo: Li Jia
Luxembourg adds Bitcoin to its wealth fund — what it means for Europe
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Overview

  • Finance Minister Gilles Roth said on Oct. 9 that the Intergenerational Sovereign Wealth Fund (FSIL) has placed 1% of its portfolio into Bitcoin exchange-traded funds.
  • Reports place FSIL’s assets between roughly $730 million and $887 million, translating the allocation to about $8 million to $9.5 million in exposure.
  • Treasury director Bob Kieffer said the fund chose ETFs rather than direct holdings to limit custody and operational risk.
  • A government-approved revision in July 2025 allows FSIL to put up to 15% of assets into alternative investments, including crypto, private equity and real estate.
  • The move makes FSIL the first Eurozone state-level fund to take a policy-backed Bitcoin position, contrasting with European holdings derived from seizures and supporting Luxembourg’s push as a digital-asset hub under evolving EU rules.