Canada’s Pension Fund Stops Crypto Investments

Despite some major pension funds started investing in digital currencies last year, after the spring and summer turbulence, including the collapse of FTX, pension funds began to review their policies.

According to Reuters, Canada’s largest fund, CPP Investment, with a capital of nearly $400 billion, has said it no longer considers digital currencies as a promising investment area.

The Fund CEO John Graham has stressed that CPP Investment serves nearly 20 million Canadian retirees.

The fund does not want to find itself in the same situation as the Ontario Teachers Fund, which lost $95 million because of the FTX crash.

CPP Investment was able to protect its clients’ capital and suffered no losses as the market plunged into a “crypto-winter.”