Jersey City mayor Steven Fulop announced allocating a portion of the city’s pension fund to Bitcoin spot exchange-traded funds (ETF,) becoming just the second pension fund after Wisconsin to get exposure to the price moves of the apex cryptocurrency. What Happened: The mayor informed Thursday that the pension fund is updating paperwork with the Securities and Exchange Commission (SEC) to invest in the investment vehicles that have been trading on US stock markets since early January. Fulop, however, didn’t mention which ETF the funds will be allocated to, or the exact allocation percentage. He…
