The large Australian pension fund AMP has allocated about 17.2 million US dollars to Bitcoin futures products

According to Bloomberg, Australian pension and wealth management company AMP announced it will allocate Bitcoin futures products, with an investment scale reaching 27 million Australian dollars (about 17.2 million US dollars), accounting for 0.05% of its total pension assets.

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