US Pension Funds invest in crypto assets for the first time

Two pension funds in Virginia, US will take part in a new 40 million USD venture capital fund focused on the crypto market and managed by Morgan Creek Digital.

According to a statement by Morgan Creek Digital other investors in the fund include an insurance company, a university endowment and a private foundation.

Until now many institutional investors avoided the crypto market as a whole, because of the speculations of market manipulations and the general lack of transparency and regulation.

Let's see how this endeavour will end.

 

Smacks of desperation. Monster lawsuits in the works?

 

I take this as good news for crypto. It's going to be interesting to see how big institutional investors mix with the market.

 

Can't recall which fund manager said ,, We took 1% bet on TSLA, that is 300 mil'' ( back when it was $30 ), yet, how much in assets these two have ?

Maybe it's 0.5% for them or less ?

 

I fear that the first few attempts won't be very successful, as cryptos are still pretty volatile.