Luxembourg’s state fund FSIL (Intergenerational Sovereign Wealth Fund) invested 1% of its assets in bitcoin through exchange-traded funds (ETFs). This was announced by the country’s Finance Minister Gilles Roth when presenting the budget for 2026.
FSIL became the first sovereign wealth fund in the eurozone to place part of its funds in crypto assets. The decision was made within the framework of the updated investment policy. The fund can now allocate up to 15% of its assets to alternative instruments, including crypto assets, venture capital, and real estate.
The FSIL was established in 2014 to form a financial reserve for the future. The fund currently manages about $730 million, the bulk of which is invested in highly reliable bonds.
