AZ SCR1005

Encourages the Arizona State Retirement System and Public Safety Personnel Retirement System to monitor developments in Bitcoin and digital asset exchange-traded funds (ETFs) for potential portfolio inclusion.

Directs the retirement systems to consult with firms that have received SEC approval to offer digital asset ETFs and evaluate the implications of including such assets in their investment portfolios.

Requires the retirement systems to submit a comprehensive report to the State Treasurer, Senate President, and House Speaker at least three months before the 2026 legislative session detailing the feasibility, risks, and potential benefits of investing retirement funds in digital asset ETFs.

Notes that Bitcoin's market cap is approximately $1 trillion, the SEC has approved 11 spot Bitcoin ETFs as of January 10, 2024, and the federal government holds approximately 200,000 Bitcoin.