Authorizing the KPERS board of trustees to invest in bitcoin exchange-traded products and providing requirements, limitations and definitions regarding such investments.

Summary

SB 34 would let the Kansas Public Employees Retirement System (KPERS) board allocate a portion of the pension fund to bitcoin ETFs, subject to new fiduciary rules and investment limits. The change would affect current and future retirees and employees whose benefits are funded by KPERS by potentially diversifying the fund’s holdings. The measure did not advance and died in committee.

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