PANews reported on October 9th that according to CoinDesk, a representative of the Luxembourg Financial Center Development Agency stated that a Luxembourg sovereign wealth fund has invested 1% of its assets in a Bitcoin ETF, becoming the first national fund in the Eurozone to take such a step. Luxembourg Finance Minister Gilles Roth revealed that Luxembourg's Intergenerational Sovereign Wealth Fund (FSIL) has invested 1% of its assets in Bitcoin when presenting the 2026 budget to the Chamber of Deputies.
Jonathan Westhead, Head of Communications for the Luxembourg Financial Services Agency, stated that this investment is a testament to FSIL's new investment policy, approved by the government in July 2025, which aims to highlight Luxembourg's leading position in digital finance. FSIL, established in 2014, currently holds $730 million in assets, primarily invested in high-quality bonds. The revised framework allows FSIL to continue investing in equities and bonds while also allocating up to 15% of its assets to alternative investments, including private equity, real estate, and crypto assets. To mitigate risk, Bitcoin investments are made through selected ETFs.
