Luxembourg’s sovereign wealth fund has invested 1% of its assets in bitcoin ETFs, becoming the first in the Eurozone to do so.

SoftBank-backed PayPay has acquired a 40% stake in Binance Japan, aiming to merge its cashless payment system with access to digital assets.

The UK has lifted its ban on crypto exchange-traded notes (ETNs), allowing retail investors to gain exposure to bitcoin and ether through regulated financial products.

Top stories in the Crypto Roundup today:

• Luxembourg Becomes First Eurozone Nation to Put State Wealth Fund in Bitcoin
• SoftBank’s PayPay Buys 40% of Binance Japan to Link Crypto With Digital Wallet
• UK Lifts Crypto ETN Ban, Opening Door to Bitcoin and Ether in Pensions and ISAs

Luxembourg Becomes First Eurozone Nation to Put State Wealth Fund in Bitcoin

Luxembourg’s sovereign wealth fund has invested 1% of its assets in bitcoin ETFs, becoming the first in the Eurozone to do so.

The move, announced by Finance Minister Gilles Roth during a budget speech, comes under a revised investment policy that lets the Intergenerational Sovereign Wealth Fund (FSIL) put up to 15% of its $730 million portfolio into alternative assets, including crypto.

The FSIL used ETFs to gain exposure rather than holding bitcoin directly, a choice made to reduce operational risks, according to Treasury Director Bob Kieffer.

Founded in 2014 to save for future generations, the FSIL has until now focused on safer holdings like bonds. Kieffer said the bitcoin investment sends a message about crypto’s long-term potential while staying within the fund’s conservative risk profile.

SoftBank’s PayPay Buys 40% of Binance Japan to Link Crypto With Digital Wallet

SoftBank-backed PayPay has acquired a 40% stake in Binance Japan, aiming to merge its cashless payment system with access to digital assets.

The partnership will give PayPay’s 70 million users the ability to buy, sell and store crypto using the PayPay Money wallet, a popular mobile payment tool in Japan. 

Binance Japan will handle the backend infrastructure, while PayPay brings its broad user base and merchant network into the fold.

The companies say they plan to co-develop new crypto products that fit naturally into PayPay’s existing digital finance platform.

UK Lifts Crypto ETN Ban, Opening Door to Bitcoin and Ether in Pensions and ISAs

The UK has lifted its ban on crypto exchange-traded notes (ETNs), allowing retail investors to gain exposure to bitcoin and ether through regulated financial products.

The Financial Conduct Authority (FCA) now permits crypto ETNs listed on exchanges like the London Stock Exchange, provided they are physically backed and unleveraged.

Starting April 2026, these products can also be held tax-free in Individual Savings Accounts (ISAs) and pension schemes, according to HM Revenue & Customs.

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