Luxembourg intends to invest in Bitcoin funds
Luxembourg Finance Minister Gilles Roth announced that the Luxembourg Sovereign Wealth Fund (FSIL) has allocated 1% of its portfolio to Bitcoin.
Speaking at the Bitcoin Amsterdam '2025 conference, Roth called FSIL the first European sovereign wealth fund investing in Bitcoin. The fund intends to invest not directly in BTC, but in exchange-traded funds (ETFs) for the first cryptocurrency.
“While the fund's investment policy allows for investments in any cryptoasset, we have decided to invest exclusively in Bitcoin. As Strategy Chairman Michael Saylor once said, there's no such thing as second best, so we're in Bitcoin for the long haul. Bitcoin will undoubtedly become the future of finance,” the minister stated.
Roth called cryptocurrencies an important element of Europe's digital development strategy. The official is confident that Bitcoin will enhance Europe's competitiveness in the payments market. The minister acknowledged that the Bitcoin network has never been shut down due to technical issues, unlike banking services.
According to the Ministry of Finance, Luxembourg manages assets worth over €7.6 trillion. A third of this is in alternative funds, leading Luxembourg to position itself as an international financial center.
Roth explained that the Grand Duchy of Luxembourg has been involved with digital assets for over ten years, with the regulated crypto exchange Bitstamp operating in the country. The official praised the state for its favorable conditions for crypto trading platforms, custodial services, and other virtual asset service providers. This summer, the American crypto exchange Coinbase opened a European branch in Luxembourg, in accordance with the EU's MiCA (MiCA) regulations.
Previously, the Central Bank of Luxembourg, together with the Bank of France and the European Investment Bank (EIB), successfully tested its own digital currency (CBDC) for settling digital bonds. Regulators used distributed ledger technology (DLT).
Source: cryptonews.net
