The legislative bill proposed in Kansas aims to allow the state's public employee retirement fund to invest in Bitcoin exchange-traded products (ETPs). The bill sets guidelines for incorporating digital asset investments into the Kansas Public Employees Retirement System (KPERS), proposing a 10% allocation to BTC ETPs. The bill allows for flexibility in portfolio growth due to market appreciation, and acquisitions must align with fiduciary duties to protect the fund. The legislation emphasizes clarity, accountability, and long-term stability in BTC investments, requiring monthly reporting and annual reviews. Furthermore, the bill also addresses alternative investments and aims for diversification while adhering to fiduciary standards.



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