Australia's large pension fund AMP has allocated approximately 17.2 million USD to Bitcoin futures products

ChainCatcher news, according to Bloomberg, Australian pension and wealth management company AMP announced the allocation of Bitcoin futures products, with an investment scale of 27 million AUD (approximately 17.2 million USD), accounting for 0.05% of its total pension assets.

This is the first time Australia's 4.1 trillion AUD pension system has ventured into crypto assets. Although Reserve Bank of Australia Governor Michele Bullock holds a cautious attitude towards crypto assets, AMP stated that it will continue to manage related investment portfolios under a strict risk control framework.