Jersey City, New Jersey, is taking a significant step in the financial world by planning to invest a portion of its municipal pension fund in Bitcoin exchange-traded funds (ETFs).

This move marks a noteworthy development in the growing acceptance of the scarce digital asset among institutional investors.

On July 25, Jersey City Mayor Steven Fulop announced that the city’s pension fund would allocate a percentage of its assets to Bitcoin ETFs. This decision follows a similar move by the Wisconsin Pension Fund earlier this year.

Fulop shared the news on social media, highlighting his long-standing belief in the potential of Bitcoin and blockchain technology.

Mayor Fulop,…

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