Jersey City Mayor plans to invest a portion of the city's pension fund in Bitcoin ETFs, updating paperwork with the SEC for this purpose.

The decision by Jersey City Mayor reflects a shift towards digital assets, contrasting with the limited engagement by major financial institutions.

Bitcoin's value rose to $66,000 following the announcement of Jersey City's investment in Bitcoin ETFs.

BlackRock's IBIT Bitcoin ETF has attracted more inflows than Nasdaq's QQQ.

Ronaldo, a crypto enthusiast, emphasizes technical analysis for investment decisions and believes in the industry's potential.

SEC-approved Bitcoin ETFs have not been widely adopted by major financial institutions.

Jersey City's move signifies a symbolic victory for cryptocurrency adoption, following Wisconsin's similar decision.

Companies like ProShares and Hashdex are seeking to offer funds that provide exposure to Bitcoin and Ethereum.

Public pension funds, including those in Wisconsin, Houston, and Fairfax County, are increasingly showing interest in investing in Bitcoin.

Mayor Fulop draws parallels between Jersey City's investment in crypto and Wisconsin's 2% allocation to crypto assets.

BlackRock's IBIT Bitcoin ETF attracted significant inflows, contributing to a total of $1.47 billion in spot Bitcoin ETF inflows on July 24th.

Ronaldo sees cryptocurrencies as a key to financial freedom and societal progress, preparing for a transformative era.

Jersey City Mayor's Office did not provide comments on the investment decision when approached by CoinDesk.