Odaily Planet Daily reports that Sam Sicilia, Chief Investment Officer of Australian superannuation fund Hostplus, said that Hostplus, which manages over $105 billion in assets, is considering offering its members Bitcoin and other digital assets through its Choiceplus self-directed investment option. Currently, approximately 1% of the fund’s total assets are allocated to Choiceplus.
Sam Sicilia said some members have a demand for cryptocurrency investments, and digital products could be launched as early as the next fiscal year, but emphasized that any plans require regulatory approval and are currently in the design phase; he is willing to wait up to six more months for regulatory clearance.
Australia’s superannuation industry is worth AUD 4.5 trillion, and until recently, major funds showed limited interest in cryptocurrency investments. In 2024, AMP became the first major fund to announce an investment in Bitcoin futures. Currently, approximately AUD 3 billion is invested in cryptocurrency through self-managed super funds. Sam Sicilia noted that since Hostplus first took interest in cryptocurrency nearly a decade ago, the landscape has changed significantly, and the fund is now re-evaluating a broader range of digital assets, including Bitcoin.