National Pension Service of Korea Nets $60 Billion from Virtual Asset Investments

The National Pension Service of Korea has reportedly gained 60 billion won ($60 billion) through indirect investments in virtual assets. This was facilitated by purchasing shares of Coinbase, a virtual asset exchange, resulting in significant valuation gains. Although institutional investors in Korea face restrictions on investing in bitcoin ETFs, the pension fund indirectly profited from the crypto rally by investing in crypto exchanges. This comes amid a surge in Bitcoin’s value, trading around $67,000, reaching levels not seen since November 2021.

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