Republic of korea's public pension fund, the Korean Teachers' Credit Marriage (KTCU), is reportedly looking to proceeds exposure to Bitcoin (BTC) via a crypto commutation-traded fund (ETF).

KTCU, one of the largest institutional investors in Due south Korea, is considering investing in a pure Bitcoin ETF or Bitcoin-linked ETFs in the offset half of 2022, local news agency The Korea Economic Daily reported Monday.

According to the study, KTCU is considering investing in several Bitcoin ETF products, including those by South Korean asset management house Mirae Asset Global Investments. The company launched 2 ETFs tracking the value of Bitcoin futures via its Canadian subsidiary, Horizons ETFs, in April 2022.

"As at that place are some well-made cryptocurrency-linked ETF products by asset managers such every bit Korea'southward Mirae Asset Global Investments, nosotros program to invest in the ETF products after consultation with domestic asset managers," an executive at KTCU reportedly said.

The official also mentioned potential investment in a Bitcoin ETF by Mirae Nugget'due south subsidiary, Global 10 ETFs, which filed for a Bitcoin ETF with the United states of america Securities and Exchange Commission in July.

According to the report, KTCU is the 2nd-largest institutional investor in Republic of korea, with $40.two billion in avails nether direction. The alimony fund has allocated 40% of its investments in culling assets, 10% domestic and nine% international stocks. KTCU has even so to determine the size and other details of its potential Bitcoin ETF investment.

Related: Why now? SEC took eight years to qualify a Bitcoin ETF in the Usa

The news comes amongst global alimony funds getting increasingly interested in gaining exposure to cryptocurrencies like Bitcoin and major companies in the industry. Last week, the Houston Firefighters' Relief and Retirement Fund reportedly purchased $25 million in Bitcoin and Ether (ETH). Canada's Ontario Teachers' Alimony Plan Board participated in a $420-meg funding round for major crypto exchange FTX, the firm announced on Thursday.