Luxembourg’s finance minister says state fund allocates its assets only to Bitcoin

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The country’s Intergenerational Sovereign Wealth Fund (FSIL) has allocated 1% of its portfolio exclusively to Bitcoin, although there is the option of investing in other crypto assets, Luxembourg Finance Minister Gilles Roth said on Thursday.

“While the fund’s investment policy allows for an allocation to any crypto assets, it has chosen to invest only in Bitcoin,” Roth said He saidspeaking at Bitcoin Amsterdam 2025. “Because, as Michael Saylor once said, there is no second best and we are in it for the long term.”

The Finance Ministry said last month that FSIL would allocate 1% of its portfolio to Bitcoin and other cryptocurrencies via ETFs as part of a strategy to link traditional finance with blockchain innovation. FSIL is the first in Europe to invest in Bitcoin.

Roth also placed cryptocurrencies, especially Bitcoin, as part of Europe’s competitive strategy, adding that digital assets are now central to global policy discussions. He believes bitcoin can help make Europe more competitive, describing it as a system that “never stops.”

“I think cryptocurrencies, especially bitcoin, are part of the solution,” Roth said. “Make no mistake, even among political leaders in Europe, more and more are studying Bitcoin.”

According to him, Luxembourg manages more than 7.6 trillion euros in cross-border investment assets, a third of which are in alternative funds, making it the second largest center for alternative funds after the United States. The country hosts more than 115 banks from more than 20 countries.

Roth outlined Luxembourg’s decade-long engagement with digital assets, noting that the country regulated Bitstamp, the first European cryptocurrency exchange.

He said the country is home to cryptocurrency exchanges, custodians and service providers. Coinbase established its EU cryptocurrency hub in Luxembourg this summer under the Markets in Cryptoassets (MiCA) regulation.

“It was never about the hype,” Roth said. “It was about the bridge between code and capital.”

“In my opinion, our economies will not switch to the Bitcoin standard,” Roth said. “But at the same time, Bitcoin will undoubtedly be part of the future of finance.”