Luxembourg's Intergenerational Sovereign Wealth Fund Pioneers Eurozone Bitcoin ETF Investment

On October 9, 2025, Luxembourg's Intergenerational Sovereign Wealth Fund (FSIL) made a groundbreaking move by investing 1% of its $730 million holdings into Bitcoin ETFs, becoming the first state-level fund in the Eurozone to do so. This decision comes after the fund received authorization to allocate up to 15% of its assets into alternative investments, including cryptocurrencies.
Luxembourg Finance Minister Gilles Roth emphasized that this allocation marks a recognition of Bitcoin's growing maturity as an asset class. Bob Kieffer, director of FSIL, explained that the Bitcoin ETF investment is part of a balanced strategy aligned with the fund's long-term profile and mission.
FSIL traditionally holds high-quality bonds, but embracing crypto investments signals a shift towards diversification and innovation in sovereign wealth management.
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This move by FSIL could inspire more institutional investors in Europe to consider cryptocurrency as a serious asset class, potentially driving further adoption and market growth. Meanwhile, retail investors can explore flexible investment options with Bitlet.app to benefit from these emerging opportunities.