Colombia's second-largest pension fund manager AFP Protección plans to launch a Bitcoin exposure fund

According to CriptoNoticias, Colombia's second-largest pension fund manager, AFP Protección, plans to launch a Bitcoin exposure fund for long-term asset allocation and diversification, rather than short-term speculation.

The product will be available to investors who meet risk assessment criteria through a personalized investment advisory process, allowing them to allocate only a portion of their portfolio to Bitcoin. Protección manages the assets of approximately 8.5 million clients, covering mandatory pensions, voluntary pensions, and severance accounts, with assets under management exceeding 220 trillion Colombian pesos (about 55 billion USD).