Value of Australian super fund’s crypto holdings rises to over A$650 million

According to a report from the Australian Taxation Office, the value of cryptocurrency assets held in self-managed superannuation funds (SMSFs) in Australia has exceeded AUD 650 million (AUD 1 billion). The latest data shows that the value of cryptocurrency assets held by SMSFs has doubled from USD 159 million three years ago. About two years ago, SMSFs held zero cryptocurrency assets. The report notes that the value of digital assets held in SMSFs is still far lower than the amount of traditional currency held in such private managed funds. Jason Titman, COO of Swyftx, said, "A large number of cryptocurrency investors in Australia want to allocate at least a certain proportion of their retirement funds to cryptocurrency."