Indiana lawmakers proposed a new bill (House Bill 1322) to let state pension funds invest in Bitcoin ETFs. The bill also aims to study blockchain technology for improving government services.
Key Details of the Indiana Bitcoin ETF Bill
- Pension Funds Included: The bill allows Indiana’s public retirement funds (for state employees, teachers, and officers) to invest in SEC-approved spot Bitcoin ETFs.
- Futures ETFs Excluded: Only ETFs holding actual Bitcoin (not futures-based ETFs) are permitted.
- Effective Date: If passed, the rule starts July 1, 2025
Why It Matters
This move could give Indiana’s retirement funds access to Bitcoin’s growth potential. It follows similar efforts in states like Michigan, Utah, Arizona, and California, showing rising interest in cryptocurrency investments nationwide.
Statewide Blockchain Technology Study
The bill requires Indiana’s Department of Administration to research how blockchain technology could:
- Cut government costs.
- Improve data security and privacy.
- Enhance services for residents.
Agencies Involved in the Study
Key departments, including:
- Office of the Secretary of State
- Department of Workforce Development
- Department of Child Services
- Secretary of Family and Social Services
Timeline for Blockchain Report
- March 1, 2026: State must request public/private input on blockchain uses.
- October 1, 2026: Final report with recommendations due to lawmakers.
- Study ends December 31, 2026.
Current Status of the Bill
HB 1322 is now with Indiana’s Committee on Government and Regulatory Reform. If approved, Indiana could become a leader in blending public retirement funds with cryptocurrency options.
Simplified Summary
Indiana’s new bill could let state workers’ retirement money invest in Bitcoin ETFs. Lawmakers also want to explore blockchain to make government services cheaper and safer. This follows a national trend of states embracing cryptocurrency.
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