BlockBeats News, October 9th – The Luxembourg National Inter-Generational Sovereign Wealth Fund (FSIL) announced that it has allocated 1% of its holdings to a Bitcoin ETF, becoming the first national fund in the Eurozone to invest in a Bitcoin ETF. Under the revised framework, FSIL is authorized to allocate up to 15% of its assets to alternative investments, including cryptocurrency. Luxembourg launched the Inter-Generational Sovereign Fund (FSIL) as early as 2014, aimed at accumulating wealth for future generations. The fund holds $730 million in assets, with the majority invested in high-quality bonds.
