AZ SCR1033

Encourages the Arizona State Retirement System and Public Safety Personnel Retirement System to monitor developments in Bitcoin and digital asset exchange traded funds (ETFs) and consider including such assets in investment portfolios

Requests consultation with firms that have received SEC approval to offer digital asset ETFs when evaluating these investment options

Requires submission of a comprehensive feasibility report on investing state retirement funds in digital asset ETFs to the State Treasurer's office, Senate President, and House Speaker at least three months before the 58th Legislature's first regular session

Notes that the SEC approved 11 spot Bitcoin ETFs as of January 10, 2024, and that global assets under management for firms filing for Bitcoin ETFs exceed $16 trillion

Recognizes that the federal government holds approximately 200,000 Bitcoin and that institutional interest in digital asset investment vehicles is growing