The Arizona State Senate is deliberating a proposal to encourage the inclusion of Bitcoin exchange-traded funds (ETFs) in two of the state’s retirement portfolios, ASRS and PSPRS. The resolution passed the Senate’s Third Reading with a 16–13 vote and is now under review by the House. If approved, the proposal would prompt ASRS and PSPRS to explore adding exposure to Bitcoin ETFs, necessitating monitoring of industry developments and consultation with SECSEC US government agency that regulates securities markets.-approved ETFExchange-Tradef Fund An Exchange-Traded Fund (ETF) is a type of investment fund that trades like a stock on a stock exchange. It offers a basket of underlying assets, similar to a mutual fund, but with the added benefit of intraday trading throughout the trading day. providers. A detailed report on the feasibility, risks, and benefits would be submitted to Arizona’s State Treasurer, Senate President, and House Speaker. Additionally, consideration for other digital assetAsset An economic resource with value that an individual or organization owns, controls, or expects future benefits from. Examples of assets: gold, stocks, cryptocurrencies, etc. ETFs is mentioned. Advocates, including Satoshi Action Fund CEO Dennis Porter, view this move as a strategic effort to diversify portfolios and reduce investment risk, emphasizing Bitcoin’s potential stability akin to traditional safe-haven investments like gold. (Source: Cointelegraph)