{"id":53349,"date":"2025-10-17T05:31:42","date_gmt":"2025-10-17T05:31:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=53349"},"modified":"2025-10-17T05:31:42","modified_gmt":"2025-10-17T05:31:42","slug":"florida-pushes-to-add-bitcoin-and-crypto-etfs-to-state-pension-funds","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=53349","title":{"rendered":"Florida Pushes to Add Bitcoin and Crypto ETFs to State Pension Funds"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Lawmakers in Florida are looking to give the state a new kind of financial tool. A new proposal would allow pension funds and other public investment pools to <\/span><span data-preserver-spaces=\"true\">put money into<\/span><span data-preserver-spaces=\"true\"> bitcoin and crypto exchange-traded funds. If passed, the state\u2019s Chief Financial Officer and the State Board of Administration would be able to allocate up to 10 percent of these funds into digital assets. It\u2019s a notable shift for a state that has typically stuck to traditional investment strategies.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Jimmy Patronis Makes the First Move<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The push is being led by Jimmy Patronis, Florida\u2019s CFO and Fire Marshal. He sent a formal request asking the State Board of Administration to take a serious look at bitcoin as part of the state\u2019s investment portfolio. In his view, bitcoin has earned its place as \u201cdigital gold\u201d and could offer long-term protection against market swings.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: Florida just put <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">$BTC<\/a> Bitcoin on the table for its pension fund.<\/p>\n<p>House Bill 183 would let the state invest up to 10% of public funds (including pensions) in crypto, ETFs, and tokenized assets. <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1fa99.png\" alt=\"\ud83e\ude99\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>Pension funds are no longer just observers \u2014 they\u2019re becoming\u2026 <a href=\"https:\/\/t.co\/zVHbdCPX4Y\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/zVHbdCPX4Y<\/a><\/p>\n<p>\u2014 Laissez-Faire Group (@LFgroup_) <a href=\"https:\/\/twitter.com\/LFgroup_\/status\/1978932410541838785?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">October 16, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">That request was sent to Chris Spencer, who <\/span><span data-preserver-spaces=\"true\">heads<\/span><span data-preserver-spaces=\"true\"> the SBA <\/span><span data-preserver-spaces=\"true\">as<\/span><span data-preserver-spaces=\"true\"> executive director and chief investment officer.<\/span><span data-preserver-spaces=\"true\"> The SBA is responsible for managing over $205 billion in assets, including the Florida Retirement System Trust Fund, one of the <\/span><span data-preserver-spaces=\"true\">largest<\/span><span data-preserver-spaces=\"true\"> pension funds in the United States.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Inside the Bill and What It Would Change<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The bill, <\/span><span data-preserver-spaces=\"true\">which has been<\/span><span data-preserver-spaces=\"true\"> filed as House Bill 183 and <\/span><span data-preserver-spaces=\"true\">may appear<\/span><span data-preserver-spaces=\"true\"> under other versions, outlines how crypto investments would be handled.<\/span><span data-preserver-spaces=\"true\"> Bitcoin and other digital assets would have to be held through proper custody channels, either directly or via SEC-registered ETFs. The legislation would also allow bitcoin to be lent out to generate additional income, provided risk is <\/span><span data-preserver-spaces=\"true\">kept under control<\/span><span data-preserver-spaces=\"true\">. The overall limit on these investments would be capped at 10 percent of any eligible fund.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The bill also includes a section on how taxes or fees paid in crypto would be handled. Those payments would be converted to U.S. dollars and sent to the General Revenue Fund, with credits issued to the appropriate accounts. If passed, the new law would go into effect on July 1, 2025.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best New Cryptocurrencies to Invest in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Florida Looks Around the Country for Context<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Other states have already started testing <\/span><span data-preserver-spaces=\"true\">crypto<\/span><span data-preserver-spaces=\"true\"> waters. Wisconsin\u2019s State Investment Board disclosed that it had invested $164 million in spot bitcoin ETFs. That made up about 0.1 percent of its total assets. <\/span><span data-preserver-spaces=\"true\">Meanwhile, Michigan\u2019s retirement system reported <\/span><span data-preserver-spaces=\"true\">that it bought<\/span><span data-preserver-spaces=\"true\"> 110,000 shares of a bitcoin ETF, <\/span><span data-preserver-spaces=\"true\">amounting to<\/span><span data-preserver-spaces=\"true\"> just 0.003 percent of its total portfolio.<\/span><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_68f1d0209d275\" data-coin-id=\"btc\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n\t\t\t\t<img id=\"crypto_chart_68f1d0209d275-chart__info-icon-img\"><\/p>\n<div class=\"chart__info-name\" id=\"crypto_chart_68f1d0209d275-chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\" id=\"crypto_chart_68f1d0209d275-chart__info-symbol\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\" id=\"crypto_chart_68f1d0209d275-chart__info-price\"><\/div>\n<div class=\"chart__info-change\" id=\"crypto_chart_68f1d0209d275-chart__info-change\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\" id=\"crypto_chart_68f1d0209d275-chart__info-marketcap\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\" id=\"crypto_chart_68f1d0209d275-btn-24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\" id=\"crypto_chart_68f1d0209d275-btn-7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\" id=\"crypto_chart_68f1d0209d275-btn-30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\" id=\"crypto_chart_68f1d0209d275-btn-1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_68f1d0209d275-btn-all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n\t\t<canvas class=\"chart__canvas\" id=\"crypto_chart_68f1d0209d275-cryptoChart\"><\/canvas>\n\t<\/div>\n<\/div>\n<p><span data-preserver-spaces=\"true\">These examples show that while states are still cautious, they are no longer ignoring crypto altogether. Florida, with its much larger fund size, could <\/span><span data-preserver-spaces=\"true\">end up pushing<\/span><span data-preserver-spaces=\"true\"> the boundaries further.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Weighing the Upside Against the Risks<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Supporters believe that adding bitcoin could bring in strong returns and help diversify state investments. They say it\u2019s a smart way to prepare for inflation and economic uncertainty. But others are concerned. <\/span><span data-preserver-spaces=\"true\">Crypto still <\/span><span data-preserver-spaces=\"true\">comes with<\/span><span data-preserver-spaces=\"true\"> serious risks, <\/span><span data-preserver-spaces=\"true\">from<\/span><span data-preserver-spaces=\"true\"> sharp price drops <\/span><span data-preserver-spaces=\"true\">to<\/span><span data-preserver-spaces=\"true\"> unclear regulations and complex storage requirements.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The SBA has a duty to protect <\/span><span data-preserver-spaces=\"true\">pensions for<\/span><span data-preserver-spaces=\"true\"> state employees <\/span><span data-preserver-spaces=\"true\">like<\/span><span data-preserver-spaces=\"true\"> teachers, police officers, and firefighters.<\/span><span data-preserver-spaces=\"true\"> Any misstep here could have real consequences, not just financially but politically too.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">The Road Ahead<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">If the bill gains traction, the next step could involve risk studies, pilot programs, and early test investments. One likely vehicle would be the Florida Growth Fund, which already has the flexibility to pursue more experimental strategies.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">People across the country will be watching how Florida handles this. Whether the state becomes a leader in crypto-based investing or runs into trouble will depend on how carefully everything is managed. In the end, the question won\u2019t just be whether Florida was bold enough. It will be whether it was prepared enough.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Florida lawmakers are considering a bill that would let pension funds and public investment pools allocate up to 10% of assets to bitcoin and crypto ETFs.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The proposal is led by CFO Jimmy Patronis, who describes bitcoin as \u201cdigital gold\u201d and sees it as a hedge against market volatility.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        House Bill 183 outlines custody rules, lending options, and a 10% cap, with the law potentially taking effect on July 1, 2025, if passed.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Other states like Wisconsin and Michigan have made smaller bitcoin ETF allocations, but Florida\u2019s $205 billion fund size could make its move more influential.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Supporters see strong returns and diversification potential, while critics warn of volatility, unclear regulations, and risks to public pensions.    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/florida-pushes-to-add-bitcoin-and-crypto-etfs-to-state-pension-funds\/\">Florida Pushes to Add Bitcoin and Crypto ETFs to State Pension Funds<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Lawmakers in Florida are looking to give the state a new kind of financial tool. A new proposal would allow pension funds and other public investment pools to put money into bitcoin and crypto exchange-traded funds. If passed, the state\u2019s Chief Financial Officer and the State Board of Administration would be able to allocate up [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-53349","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/53349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53349"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/53349\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}