• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Canada’s biggest pension fund stops investing in cryptocurrencies

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

What is money laundering?  “Money laundering” tricks used by criminals in cryptocurrencies and how to prevent them

What is cash laundering? “Money laundering” tricks applied by criminals in cryptocurrencies and how to stop them

November 27, 2023
Blast's operating model faces opposition from the Paradigm investment fund itself

Blast’s working model faces opposition from the Paradigm investment fund itself

November 27, 2023

Canada’s biggest pension fund CPP Investment (CPPI) has determined to halt investing in cryptocurrencies immediately after managing to cover its reduction-generating investments.

Canada’s biggest pension fund stops investing in cryptocurrencies

To stick to Reuters, reported that Canada’s CPPI pension fund will finish its efforts to study investment possibilities in cryptocurrencies. Though she declined to comment on unique good reasons, Reuters explained the sudden collapse of FTX in November CPPI thoroughly evaluated the investment approaches.

CEO John Graham explained:

“I definitely wished to see the intrinsic worth of this asset and establish my portfolio accordingly. So to be straightforward, cryptocurrency is a little something that we will proceed to search at and attempt to recognize, but we never want to invest in it just but.”

CPPI manages $388 billion for almost twenty million Canadians, fund seeks regular returns for retirees.

Although CPPI has averted investing in cryptocurrencies, many money in the exact same sector have been caught up in the cryptocurrency sector turmoil this yr. The Ontario Teachers’ Retirement Fund (OTPP), oversees $242 billion in assets, reported a $95 million reduction on investment in FTX. Earlier this yr, Canada’s 2nd-biggest pension fund, the Caisse de Đépôt et location du Québec (CDPQ), also explained it was hit. “written off” USD C150 million immediately after Celsius lending platform went bankrupt.

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: CanadascryptocurrenciesfundinvestinglargestpensionStops
Share76Tweet47

Related Posts

Flare Token Surges Amid XRP Integration Announcement

by shark
June 2, 2025
0

Flare (FLR) witnessed a 10.61% surge on June 2, 2025, after announcing its XRP integration, showcasing its potential within decentralized...

Elon Musk Introduces XChat with New Encryption Features

by shark
June 2, 2025
0

Elon Musk unveils XChat on the X platform, promising Bitcoin-style encryption, raising industry skepticism.

James Wynn Halts Trading After Massive Loss

by shark
June 2, 2025
0

James Wynn, a prominent trader, suspended trading after a high-leverage strategy led from $4 million gains to $100 million, then...

Metaplanet Acquires 1,088 BTC Expanding Holdings Significantly

by shark
June 2, 2025
0

Japan's Metaplanet has acquired 1,088 more Bitcoin for $117.7 million, positioning it among the top ten global holders.

Bitcoin ETFs See $157 Million Outflow Ending Inflows Streak

by shark
June 2, 2025
0

The Bitcoin ETFs experience a net outflow of $157 million, ending six-week inflow streaks, reflecting shifts in investor sentiment due...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Flare Token Surges Amid XRP Integration Announcement
  • Elon Musk Introduces XChat with New Encryption Features
  • James Wynn Halts Trading After Massive Loss
  • Metaplanet Acquires 1,088 BTC Expanding Holdings Significantly
  • Bitcoin ETFs See $157 Million Outflow Ending Inflows Streak
  • Nervos Network’s Force Bridge Compromised in $3M Hack
  • BitoPro Hack: $11.5 Million Lost in Taiwan
  • US Congress Moves to Introduce New Crypto Legislation
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7