Luxembourg’s Intergenerational Sovereign Wealth Fund (FSIL) has allocated 1% of its total holdings to Bitcoin exchange-traded funds (ETFs), becoming the first state-level fund in the Eurozone to make such an investment.
The move was confirmed by a representative from the Agency for the Development of Luxembourg’s Financial Centre and later disclosed by Finance Minister Gilles Roth during his presentation of the 2026 national budget at the Chambre des Députés.
While Luxembourg marks a Eurozone first, several European countries already hold Bitcoin. Finland, Georgia, and the United Kingdom maintain BTC reserves, though most were obtained through criminal seizures, according to data from Bitbo. Georgia remains the only exception, holding around 66 BTC as a direct investment asset.
Luxembourg’s FSIL Expands Investment Scope to Include Crypto Assets
Luxembourg, home to about 682,000 people, established its Intergenerational Sovereign Fund (FSIL) in 2014 to secure long-term financial reserves for future generations. The fund currently manages around $730 million, primarily invested in high-quality bonds.
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Under a revised investment framework, FSIL will maintain its focus on equity and debt markets while gaining approval to allocate up to 15% of its assets to alternative investments. These include private equity, real estate, and crypto assets. To minimize operational risks, the fund’s Bitcoin exposure has been implemented through selected exchange-traded funds (ETFs).
