Colombia’s second-largest pension fund, AFP Protección, is planning to launch an investment fund with exposure to Bitcoin (BTC), aimed at diversifying long-term portfolio holdings. According to announced information, this product will be available only to a select group of risk-tolerant investors through personalized advisory services, to control the BTC allocation within a limited scope.
AFP Protección currently manages approximately $55 billion in assets, making it one of the most influential financial organizations in the Colombian market. The implementation of a Bitcoin fund indicates a significant shift in the approach of traditional pension funds toward digital assets, which were previously considered high-risk and unstable.
This move also reflects a growing trend among major financial institutions to cautiously incorporate cryptocurrencies into their investment portfolios, viewing them as risk mitigation tools and opportunities for profit expansion amid global market volatility.