Reported 1 day ago
AMP Ltd., an Australian pension and wealth management firm, has made a notable move by investing approximately A$27 million ($17.2 million) in Bitcoin futures, becoming one of the first major retirement managers in Australia to venture into cryptocurrency products. Despite the Australian pension sector's general reluctance towards crypto investments, AMP's Chief Investment Officer highlighted the investment as a response to significant changes in the digital assets landscape, while acknowledging the associated risks and volatility.
Source: YAHOO