The Houston Fire Retirement Fund (HFRRF) has transferred part of its portfolio to bitcoin and ethereum.Institutional InstrumentsWe are sure that the rise in the price of crypto assets is not over, so such an investment will bringGood interest rates.
An initiative to use cryptoassets toreceive profit in the form of dividends, came from the American retirees themselves. The volume of investments amounted to $ 25 million, the deal was carried out by NYDIG. The HFRRF Investment Director stated:
We are delighted to take the first step into the world of digital assets.We've been researching digital assets and their potential for a long time, and we're delighted to partner with NYDIG to deliver a secure and compliant transaction.
According to the fund's 2020 report, it had about $ 4.1 billion on its balance sheet in currencies and assets. This means that he invested about 0.6% of the portfolio in cryptocurrencies.
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