{"id":25856,"date":"2024-07-27T06:00:31","date_gmt":"2024-07-27T03:00:31","guid":{"rendered":"https:\/\/coinengineer.io\/?p=25856"},"modified":"2024-07-27T03:22:38","modified_gmt":"2024-07-27T00:22:38","slug":"jersey-city-joins-wisconsin-in-bitcoin-adoption-city-to-invest-in-bitcoin-etfs","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/jersey-city-joins-wisconsin-in-bitcoin-adoption-city-to-invest-in-bitcoin-etfs\/","title":{"rendered":"Jersey City Joins Wisconsin in Bitcoin Adoption: City to Invest in Bitcoin ETFs"},"content":{"rendered":"<p>Following in the footsteps of Wisconsin, the city of Jersey City has announced plans to invest in Bitcoin ETFs. Mayor Steven Fulop revealed that a portion of the city\u2019s pension fund will be allocated to Bitcoin exchange-traded funds.<\/p>\n<p>&#8220;The question of whether crypto\/<a href=\"https:\/\/coinengineer.net\/blog\/latest-on-bitcoin-and-cryptocurrencies-july-26\/\">Bitcoin<\/a> is here to stay is largely over, and crypto\/Bitcoin has won,&#8221; Mayor Fulop stated. &#8220;The Jersey City pension fund has set aside 2% of the fund to allocate to Bitcoin ETFs, similar to what the Wisconsin Retirement Fund has done, and is in the process of filing paperwork with the SEC. I anticipate that the process will be completed by the end of summer, and I am confident that investment in Bitcoin ETFs will become more widespread in the future.&#8221;<\/p>\n<p><strong>Wisconsin Leads the Way<\/strong><\/p>\n<p>Wisconsin had previously made headlines in May when the Wisconsin State Investment Board disclosed holdings in spot Bitcoin ETFs worth $163 million. The board&#8217;s 13F filing with the SEC revealed a $100 million stake in BlackRock&#8217;s iShares Bitcoin ETF and a $64 million stake in Grayscale Bitcoin Trust, along with holdings in companies like Coinbase, Block, Marathon Digital, Riot Platforms, and others.<\/p>\n<p><strong>Growing Institutional Interest in Bitcoin<\/strong><\/p>\n<p>The decisions by both Jersey City and Wisconsin to allocate a portion of their pension funds to Bitcoin ETFs signify a growing trend of institutional interest in Bitcoin. As more traditional financial institutions and government entities recognize the potential of Bitcoin as a long-term asset, the cryptocurrency&#8217;s adoption is likely to accelerate.<\/p>\n<div id=\"chat-history\" class=\"chat-history-scroll-container ng-tns-c1304298479-2 ng-trigger ng-trigger-resetChat show-bottom-shadow\">\n<div class=\"conversation-container ng-tns-c1304298479-2 visd-patch ng-star-inserted\">\n<div class=\"ng-tns-c3288265132-24\">\n<div class=\"response-container ng-tns-c3311575876-25 response-container-has-multiple-responses\">\n<div class=\"presented-response-container ng-tns-c3311575876-25\">\n<div class=\"response-container-content ng-tns-c3311575876-25\">\n<div class=\"response-content ng-trigger ng-trigger-responsePopulation ng-tns-c3311575876-25 ng-animate-disabled\">\n<div class=\"markdown markdown-main-panel\" dir=\"ltr\">\n<p><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"kk-star-ratings kksr-auto kksr-align-center kksr-valign-bottom\" data-payload=\"{&quot;align&quot;:&quot;center&quot;,&quot;id&quot;:&quot;15607&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;bottom&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;0&quot;,&quot;legendonly&quot;:&quot;&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;0&quot;,&quot;starsonly&quot;:&quot;&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;0\\\/5 - (0 votes)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;title&quot;:&quot;A User Send 1,36 Worth Of USDT To Wrong Adress&quot;,&quot;width&quot;:&quot;0&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}\">\n<div class=\"kksr-stars\">\n<div class=\"kksr-stars-inactive\">\n<div class=\"kksr-star\" data-star=\"1\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Following in the footsteps of Wisconsin, the city of Jersey City has announced plans to invest in Bitcoin ETFs. Mayor Steven Fulop revealed that a portion of the city\u2019s pension fund will be allocated to Bitcoin exchange-traded funds. &#8220;The question of whether crypto\/Bitcoin is here to stay is largely over, and crypto\/Bitcoin has won,&#8221; Mayor<\/p>\n","protected":false},"author":1,"featured_media":24299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,2072,7635],"class_list":["post-25856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-bitcoin-etfs","tag-wisconsin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Jersey City Joins Wisconsin in Bitcoin Adoption: City to Invest in Bitcoin ETFs - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/jersey-city-joins-wisconsin-in-bitcoin-adoption-city-to-invest-in-bitcoin-etfs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jersey City Joins Wisconsin in Bitcoin Adoption: City to Invest in Bitcoin ETFs - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Following in the footsteps of Wisconsin, the city of Jersey City has announced plans to invest in Bitcoin ETFs. Mayor Steven Fulop revealed that a portion of the city\u2019s pension fund will be allocated to Bitcoin exchange-traded funds. &#8220;The question of whether crypto\/Bitcoin is here to stay is largely over, and crypto\/Bitcoin has won,&#8221; Mayor\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/jersey-city-joins-wisconsin-in-bitcoin-adoption-city-to-invest-in-bitcoin-etfs\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-27T03:00:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-27T00:22:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/bitcoin-dip.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/jersey-city-joins-wisconsin-in-bitcoin-adoption-city-to-invest-in-bitcoin-etfs\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/jersey-city-joins-wisconsin-in-bitcoin-adoption-city-to-invest-in-bitcoin-etfs\/\",\"name\":\"Jersey City Joins Wisconsin in Bitcoin Adoption: City to Invest in Bitcoin ETFs - 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