Amitoj Singh is a CoinDesk reporter.
Crypto’s relationship with the pensions sector and retirees isn't exactly new. Self-managed funds in Australia have increasingly held crypto since March 2019. According to the latest, nearly A$1 billion is allocated to crypto. That’s a steep increase from only $131.5 million in December 2019.
“Self-managed super funds might just make a single allocation, set it and forget it,” O’Loghlen told Bloomberg. We are working on an offering to service those clients really well on a one-off basis—to have them trade with us and stay with us.”Crypto interest in the self-managed pensions sector may be driven by the recent momentum the crypto sector has gained after spot-ETF approvals in the U.S.
“We don’t see this as cannibalizing the ETF players, but more a rising tide and a big enough interest for someone to come in through their own self-managed portal,” said O’Loghlen.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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