South Korea’s Teachers Credit Union denies reports that it planned to invest in Bitcoin.

South Korea’s Teachers Credit Union, which manages assets of about $40 billion, plans to invest in Bitcoin. Korea Economic Daily reports. Korea Economic Daily.

According to the publication, this is not about a direct purchase. The union would allegedly gain access to the asset through investment products such as Bitcoin ETF.

The media expected that the instrument would be launched in the first half of 2022.

If realized, the credit union would become the first such organization in South Korea to invest in Bitcoin.

Earlier, the New Jersey-based Common Pension Fund D, with assets of $30 billion, directed $7 million toward the purchase of mining-company shares.

In October, the Houston-based Firefighters’ Relief and Pension Fund added digital gold and Ethereum to its defined-benefit portfolio.

Earlier in the month, the fifth-largest Australian pension fund did not rule out the possibility of ‘small investments’ in cryptocurrencies.

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