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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/arizona-senate-proposes-integration-of-bitcoin-etfs-into-retirement-funds" rel="noopener noreferrer nofollow">Arizona Senate Proposes Integration of Bitcoin ETFs into Retirement Funds</a><br></p>
<p style="text-align: justify">In an initiative to adopt modern investment strategies, the Arizona State Senate has passed a resolution advocating for the consideration of <a href="https://en.bitcoinhaber.net/bitcoins-struggle-amid-high-risk-profit-zone-and-golden-cross-signal" rel="noopener noreferrer nofollow">Bitcoin</a> exchange-traded funds (ETFs) by retirement fund managers. Following the US Securities and Exchange Commission’s approval of Bitcoin ETF trading, the proposal presents an opportunity for the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to explore this new investment avenue.</p>
<h2 id="senate-endorses-cryptocurrency-investment-for-pensions">Senate Endorses Cryptocurrency Investment for Pensions</h2>
<p style="text-align: justify">The resolution, having obtained Senate approval with a favorable 16-13 vote, is presently slated for discussion in the State House Ways and Means Committee. The support for the resolution has been divided along party lines, with all Democrats voting against it, signifying a debate on the role of cryptocurrencies in state pension funds.</p>
<p style="text-align: justify">Republican State Senator Wendy Rogers, a vocal proponent for <a href="https://en.bitcoinhaber.net/turkey-sets-stage-for-cryptocurrency-market-regulation" rel="noopener noreferrer nofollow">cryptocurrency</a> acceptance and previously involved in endeavors to establish Bitcoin as legal tender in Arizona, supported the resolution. She remains optimistic despite her prior bill not advancing past committee stages.</p>
<h2 id="anticipating-the-impact-on-state-pension-funds">Anticipating the Impact on State Pension Funds</h2>
<p style="text-align: justify">If the proposal gains approval from the House and Senate and is enacted into law, it would mandate ASRS and PSPRS to draft a detailed report. The report would evaluate the viability and potential benefits of incorporating Bitcoin ETFs into pension portfolios, while also weighing associated risks.</p>
<p style="text-align: justify">This legislative move comes amidst growing interest in integrating cryptocurrencies into retirement plans. Recent developments have seen pension funds, such as the Houston firefighters’ retirement fund, investing in Bitcoin and <a href="https://en.bitcoinhaber.net/franklin-joins-growing-list-of-firms-seeking-ethereum-etf-approval" rel="noopener noreferrer nofollow">Ethereum</a>, and the Fairfax County Police Officers Retirement System in Virginia allocating substantial funds to cryptocurrency ventures as early as 2019.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/arizona-senate-proposes-integration-of-bitcoin-etfs-into-retirement-funds" rel="noopener noreferrer nofollow">Arizona Senate Proposes Integration of Bitcoin ETFs into Retirement Funds</a></h5>

Arizona Senate Proposes Integration of Bitcoin ETFs into Retirement Funds

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