Cartwright, a British pension advisory firm, has recommended a direct 3% Bitcoin allocation to a UK pension fund. This is a pioneering move as it is the first direct Bitcoin investment by a UK pension fund.
According to Bitcoin advocate Daniel Batten, this allocation is significantly higher than that of any other sovereign fund and is part of Cartwright’s broader push for institutional adoption of Bitcoin.
The decision followed extensive consultations focused on ESG, security, and investment value. For added security, private key custody was split across five institutions.
Cartwright leaders emphasized Bitcoin’s diversification potential and unique risk-return profile.
The trend is also growing in the U.S., where Florida, Wisconsin, and Michigan pension funds are evaluating or investing in Bitcoin. Cartwright hopes this decision will encourage more UK pension funds to explore Bitcoin investments.
In comparison, the State of Wisconsin’s pension fund, the first in the U.S. to invest in Bitcoin, allocated only 0.1% of its assets via spot ETFs. This UK pension fund’s substantial 3% investment sets a notable precedent among institutional investors worldwide.
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