Senator Bowser’s proposal would allow up to 10% of state pension assets to be allocated to spot Bitcoin ETFs.
Kansas Republican Senator Craig Bowser has introduced Bill No. 34, a proposal that would pave the way for public pension funds to invest in spot Bitcoin ETFs.
The legislative proposal, filed on January 16, would authorize the Kansas Public Employees Retirement System (KPERS) to invest up to 10% of state pension assets in financial products linked to Bitcoin.
The bill includes the creation of a dedicated board of directors to oversee the investments, with an annual reporting requirement to the governor on the program’s progress. An interesting detail of the proposal is the clause that does not mandate the sale of positions even if the value of Bitcoin investments exceeds the 10% threshold, as long as it is in the beneficiaries’ best interest.
This initiative fits into a broader context of growing institutional acceptance of digital assets, facilitated by the SEC’s approval of spot Bitcoin ETFs. Other states, such as Pennsylvania and Texas, have already presented similar proposals.
