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07/28/2024 |

Risky business? Fulop adding Bitcoin ETFs to Jersey City pension fund portfolio

John Donnellan, a global business professor and chairman of the Management Department inside �鶹��ý’s School of Business, says the mayor has diminished risk to the city by investing in an ETF, which is regulated.

Donnellan says buying into an ETF is a “smart” way to diversify investments and provide a “nice bump” for the pension without a potential large loss. He said people are attracted to Bitcoin because “it is a non-sovereign nation currency” regulated “by the people.”

“The way I look at crypto ETF, just remove the word crypto, if I put energy or water ETF, who cares?” said Donnellan. “Nobody would mention anything. The minute you put in the word crypto there is a fear of the unknown because it is still not fully understood.”