Korea Teachers' Credit Union to invest in Bitcoin

Global institutions, pension funds seem to be getting more comfortable investing in crypto.

According to Korean news outlet, Korea Teacher's Credit Union decided to start investing in Bitcoin next year through Bitcoin spot ETF to be developed by a Korean asset management company. (Link to the news in Korean) There is no more details to how much of their portfolio will carry exposure to Bitcoin but according the KTCU's website their total asset is about $39B. So even if small percentage it will help the market.

There have been several pension funds that invested in crypto by buying major coins like BTC, ETH or buying stock of companies of crypto ecosystem, such as miners or exchanges. It's great to see that more and more institutions, especially the pension funds which normally seek long term returns, are open to crypto.

Good news to start the week!