{"id":768673,"date":"2024-07-26T14:05:27","date_gmt":"2024-07-26T12:05:27","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/jersey-citys-us-pension-fund-to-seek-sec-approval-for-bitcoin-etf-investment\/"},"modified":"2024-07-26T14:10:23","modified_gmt":"2024-07-26T12:10:23","slug":"jersey-citys-us-pension-fund-to-seek-sec-approval-for-bitcoin-etf-investment","status":"publish","type":"post","link":"https:\/\/crypto-news-flash.com\/es\/jersey-citys-us-pension-fund-to-seek-sec-approval-for-bitcoin-etf-investment\/","title":{"rendered":"Jersey City\u2019s US Pension Fund to Seek SEC Approval for Bitcoin ETF Investment"},"content":{"rendered":"<ul>\n<li><strong>Jersey City&#8217;s pension fund is finalizing SEC paperwork to invest in Bitcoin ETFs, aiming for a 2% allocation similar to Wisconsin&#8217;s.<\/strong><\/li>\n<li><strong>Mayor Steven Fulop supports this move, emphasizing that crypto is here to stay and blockchain technology is a significant innovation.<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>Starting with tokenizing jerseys on VeChain for enhanced fan engagement that we <a href=\"https:\/\/www.crypto-news-flash.com\/es\/colaboracion-entre-el-empoli-fc-y-wov-tokenizacion-de-camisetas-en-vechain-para-mejorar-el-compromiso-de-los-aficionados\/\">highlighted<\/a> earlier, leveraging the VeChain blockchain in the Jersey City club ensures seamless interaction and rewards for fans, ushering in a new era of fan engagement dubbed Experience 3.0.<\/p>\n<p>Beyond that, the <a href=\"https:\/\/www.crypto-news-flash.com\/es\/from-lacrosse-jerseys-to-wine-cardanos-pioneering-blockchain-applications-of-the-future\/\">Jersey<\/a> City pension fund is currently updating its paperwork with the SEC to allocate a percentage of the fund to Bitcoin ETFs, similar to the 2% allocation made by the Wisconsin Pension Fund.<\/p>\n<p>In a CNF YouTube video, it is also highlighted that the world&#8217;s largest Bitcoin conference is opening in Nashville, while the Jersey City pension fund is finalizing SEC paperwork to invest in Bitcoin ETFs, following Wisconsin&#8217;s lead with a 2% allocation.<\/p>\n<p><iframe title=\"Jersey City&#039;s Pension Fund to Apply for SEC Approval to Invest in Bitcoin ETFs\" width=\"788\" height=\"443\" src=\"https:\/\/www.youtube.com\/embed\/NIUduOf_3VE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>As this development emerges, Steven Fulop, Mayor of Jersey City, shared in a recent tweet, which is an unusual topic for him, stating that while this isn&#8217;t his typical subject matter, he wanted to address it. He implored that the question of whether crypto\/Bitcoin is here to stay is largely settled, and that crypto\/Bitcoin has emerged victorious.<\/p>\n<p>Furthermore, he said that this process is expected to be completed by the end of the summer, and it is anticipated that such allocations will become more common in the future. As a long-time believer in crypto, despite its ups and downs, he also believes that blockchain technology is among the most significant innovations since the internet.<\/p>\n<p>Aiming to seek SEC approval for Bitcoin ETF investment, Jersey City\u2019s US Pension Fund could potentially attract investors. As of now, according to CoinMarketCap data, <a href=\"https:\/\/www.crypto-news-flash.com\/es\/breaking-btc-adoption-news-bitcoin-etfs-globally-hold-1000000-bitcoin-worth-68777800000\/\">Bitcoin (BTC)<\/a> is trading at a price of <strong>$67,272.56<\/strong> surged by <span style=\"color: #008000;\"><strong>4.88%<\/strong> <\/span>in the past day and <span style=\"color: #008000;\"><strong>4.96%<\/strong><\/span> in the past week. See BTC price chart below.<\/p>\n<p><span data-sheets-root=\"1\">No coins selected<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jersey City&#8217;s pension fund is finalizing SEC paperwork to invest in Bitcoin ETFs, aiming for a 2% allocation similar to Wisconsin&#8217;s. Mayor Steven Fulop supports this move, emphasizing that crypto is here to stay and blockchain technology is a significant innovation. Starting with tokenizing jerseys on VeChain for enhanced fan engagement that we highlighted earlier,<\/p>\n","protected":false},"author":7,"featured_media":717982,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-768673","post","type-post","status-publish","format-standard","has-post-thumbnail"],"acf":[],"_links":{"self":[{"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/posts\/768673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/comments?post=768673"}],"version-history":[{"count":0,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/posts\/768673\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/media\/717982"}],"wp:attachment":[{"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/media?parent=768673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/categories?post=768673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/tags?post=768673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}