Luxembourg state fund FSIL, which has $730 million in assets under management, has invested 1% of its assets in a Bitcoin ETF

According to Foresight News, Luxembourg Finance Minister Gilles Roth revealed that the Luxembourg Intergenerational Sovereign Wealth Fund (FSIL) has invested 1% of its assets in Bitcoin ETFs, making it the first national fund in the euro zone to do so. European countries Finland, Georgia and the UK also hold Bitcoin, although most of these cryptocurrencies come from criminal seizures, with the exception of Georgia, a country outside the eurozone, which holds 66 Bitcoins for investment purposes.


The country launched the Sovereign Intergenerational Fund (FSIL) back in 2014 with the aim of building wealth for future generations. The fund holds $730 million in assets, mostly invested in high-quality bonds. Under the revised framework, FSIL will continue to invest in equity and bond markets while also being authorized to allocate up to 15 per cent of its assets in alternative investments. These investments include private equity, real estate, and crypto assets. Westhead said that to hedge against operational risks, FSIL has allocated Bitcoin investments through select ETFs.

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