Australia’s $105 Billion Hostplus Eyes Bitcoin Investments for Nearly Two Million Pension Members
Summary
Australia's A$150 billion ($105 billion) superannuation fund, Hostplus, is evaluating how to integrate exposure to Bitcoin and other digital assets for its nearly two million members through its Choiceplus self-directed investment platform. Chief Investment Officer Sam Sicilia indicated a potential rollout as early as the next financial year, pending regulatory approval and product design. This move is partly driven by increasing demand from Hostplus's younger membership base. While most of Australia's A$4.5 trillion pension sector remains cautious, this review signals a potential shift among institutional investors. The article also notes a parallel trend in the U.S., where states like Indiana are allowing public retirement plans to offer crypto options, and New Hampshire has authorized up to 5% of certain public funds to be invested in large-cap digital assets like Bitcoin.
(Source:Bitcoin Magazine)