Luxembourg's state investment fund has invested a small portion, approximately 1%, in Bitcoin exchange-traded funds, potentially indicating a change in investment strategy.

Luxembourg's Sovereign Wealth Fund Investment

Luxembourg’s Intergenerational Sovereign Wealth Fund (FSIL) has made a strategic investment in Bitcoin ETFs.

The fund has allocated approximately 1% of its portfolio, amounting to roughly €764 million ($9 million), to these ETFs.

This move demonstrates a measured approach by a state-backed entity entering the digital asset space.

Notably, FSIL has opted to invest through ETFs, avoiding the direct custody of cryptocurrencies.