Hostplus is evaluating cryptocurrency investments amid growing interest from its 2.2 million members.
Hostplus, one of Australia's largest pension funds, is exploring the addition of cryptocurrency options for its members, driven by increasing interest in digital assets. Sam Sicilia, the fund's chief investment officer, confirmed this in a statement to Bloomberg, noting that members have inquired about access to cryptocurrencies.
Sicilia mentioned that cryptocurrencies like Bitcoin could be offered through Hostplus's ChoicePlus investment option as early as the next financial year. This plan is still in the design phase and requires regulatory approval, along with addressing issues such as consumer protections.
Details on Hostplus's Operations
Hostplus manages over $96 billion in assets and serves 2.2 million members, making it the third-largest super fund in Australia by membership and fifth-largest by assets. The fund emphasized that it is taking a cautious approach, with Sicilia stating that they are willing to wait for regulatory clearance if needed.
In a related development, AMP became the first Australian super fund to offer crypto exposure in May 2024 through Bitcoin futures contracts. This move highlights a broader trend in the industry as investors seek digital asset options.
For Australians, Self-Managed Super Funds (SMSFs) currently provide the primary avenue for crypto investments in retirement savings. According to BTC Markets' Investor Study Report, SMSF registrations rose 69% year-on-year in the 2024-2025 financial year, reflecting growing interest.
OKX Australia CEO Kate Cooper noted in February that many SMSFs are being established specifically for crypto investments, as major funds like Hostplus have not yet offered such options. This underscores the demand driving Hostplus's considerations.
All information is based on reports from CoinTelegraph, citing official statements and industry data.
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