Bitcoin News: Kansas Proposes Bill to Invest Retirement Funds in Bitcoin ETFs

Kansas State is considering a groundbreaking proposal that could see up to 10% of employee retirement funds invested in Bitcoin ETFs. This move, spearheaded by State Senator Craig Bowser, aims to diversify the state's retirement portfolio by including cryptocurrency investments.

Kansas Proposes Bill to Invest Up to 10% of Retirement Money in Bitcoin ETFs

Kansas State may adopt a proposal to invest up to 10% of employee retirement funds into spot Bitcoin exchange-traded funds (ETFs) if State Senator Craig Bowser’s bill passes. Senator Bowser introduced Senate Bill 34, which clears the Kansas Public Employees Retirement System (KPERS) to invest part of the retirement fund in spot Bitcoin ETF. The bill would establish a board of trustees to spend up to 10% of the money in the state’s retirement fund on Bitcoin-backed ETFs. Part of the bill reads, '… the board may invest and reinvest monies of the fund in Bitcoin exchange-traded products issued by an investment company registered in Kansas.' Annual performance monitoring will be carried out to ensure sustainability. The program is open to growing the value of Bitcoin ETFs beyond 10% of the fund.

Bitcoin’s Average Realized Profits Drops Drastically, Is The Market Euphoria Cooling Off?

Bitcoin has recently shown strong price performance, surpassing its previous all-time high of $108,000. However, the profitability for many investors has decreased significantly. According to market expert Axel Adler Jr., Bitcoin’s average realized profit has dropped from $146 million to about $62 million, a decline of more than 50%. This suggests that short-term traders are facing reduced gains, indicating a potential cooling off in market euphoria.

Ledger Co-Founder David Balland Rescued from Kidnappers in France

David Balland, co-founder of Ledger, has been rescued after being kidnapped in France. The police are withholding important details due to the ongoing investigation. The kidnapping saga involving former Ledger executives has been particularly bizarre, with Eric Larchevêque previously reported as a victim. However, local reporter Grégory Raymond clarified that the real victim was David Balland. The investigation continues, and it is unclear if there are other victims.

Bitcoin Sell-Side Risk Ratio Shows Decrease in Selling Activity

The Sell-Side Risk Ratio, which measures the volume of realized profits and losses by Bitcoin ($BTC) investors relative to the size of the asset, has shown a decrease. This ratio depends on the Realized Cap, which measures Bitcoin circulation. High values of this ratio indicate that investors are selling coins, while lower values suggest reduced selling activity. The recent decrease in the Sell-Side Risk Ratio points to lower volatility in the Bitcoin market. This metric is crucial for understanding market dynamics and investor behavior.

Bitcoin's Performance in January 2025

Bitcoin (BTC) started January 2025 on a slow note, trading below $100,000. However, it soon surged to a new all-time high of $109,114.88 on January 20, amidst market Optimism following Donald Trump taking office. Despite expectations of reaching $115,000, Bitcoin experienced a significant correction and is currently trading at $102,043.36, down 6.66% from its peak. The community remains optimistic that Bitcoin will end the month on a strong note.