Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Bitcoin trades flat as Indiana HB 1042 advances ETF access

Bitcoin trades flat as Indiana HB 1042 advances ETF access

AiCryptoCoreAiCryptoCore2026/02/13 15:25
By:AiCryptoCore
window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "bca34a6a-3a3b-44cb-921c-44304724d765"; sevioads_preferences[0].adType = "banner"; sevioads_preferences[0].inventoryId = "faa804f5-40ac-44c4-8b72-8efd4bce1e10"; sevioads_preferences[0].accountId = "ad82357c-af89-4cb2-ad76-470425cadd81"; sevioads.push(sevioads_preferences);
Key Points:
– Defined benefit pensions barred from cryptocurrency ETFs under amended HB 1042.
– Defined contribution plans may access crypto via member-directed brokerage windows.
– Access limited to exchange-listed products, avoiding direct token holdings and custody complexities.

Indiana’s Senate Insurance and Financial Institutions Committee advanced HB 1042 with amendments that reshape crypto access for state retirement plans. As reported by , the latest draft removes authority for defined benefit pensions to invest in cryptocurrency exchange-traded funds (ETFs) while preserving a pathway for member-directed options via defined contribution plans.

Under the current version, crypto exposure would come, if offered, through self-directed brokerage windows in defined contribution arrangements rather than direct token holdings. The change narrows operational and custody complexities by confining access to exchange-listed products and keeping plan-level assets in defined benefit portfolios outside crypto ETFs for now.

How INPRS could implement crypto exposure

The Indiana Public Retirement System (INPRS) could implement access through a self-directed brokerage account that offers cryptocurrency ETFs alongside other listed funds. This structure separates core plan menus from higher-volatility options, allowing fiduciaries to manage disclosures, trading mechanics, and vendor oversight without taking on direct digital-asset custody.

Editorial context: INPRS has maintained a neutral posture as the bill evolved and worked with lawmakers on guardrails before any member-facing rollout. Tom Perkins, investment counsel at the Indiana Public Retirement System, said, “We’ve worked with the House to get it to the current form and (we’re) more or less happy with it.”

Sponsor intent emphasizes optionality and prudence. According to , Rep. Kyle Pierce framed HB 1042 as expanding “investment choices” while setting “guardrails,” and as part of a broader look at how digital assets and blockchain could benefit state programs.

Member impact: options, risks, and practical takeaways

Will defined benefit pensions hold crypto under HB 1042?

No. The Senate committee removed language that would have permitted defined benefit pension allocations to cryptocurrency ETFs, so pension assets would not hold crypto or crypto ETFs under the current bill. Any future change would require new legislative action.

How could defined contribution participants access crypto exposure?

If INPRS proceeds, access would likely be through a self-directed brokerage window limited to cryptocurrency ETFs, not direct tokens. Expect fiduciary guardrails such as volatility disclosures, operational limits within the brokerage channel, and ongoing oversight of ETF providers and plan communications.

At the time of this writing, Coinbase Global (COIN) traded near $161.04, up about 10.21% intraday, based on data from . That backdrop underscores why any option would remain discretionary, ETF-based, and paired with clear risk disclosures.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

AI demand drives TSMC to accelerate capacity expansion, 2nm monthly production aims for 120,000 wafers by year-end

According to reports, industry giants such as Apple, Nvidia, and AMD have collectively increased their orders by 10% to 20%, directly boosting TSMC's 2nm monthly production capacity to 120,000 wafers by the end of the year, which exceeds the previous estimate by more than 20% and brings forward the 2027 target by two years. For the first time in history, five factories will ramp up production simultaneously, and the annual compound growth rate of capacity from 2026 to 2028 will reach as high as 70%.

华尔街见闻•2026/09/28 04:26

Long-term US Treasury Sell-off Continues! 10-Year Treasury Yield Breaks 5.2% Again, “AI Boom vs. Rising Financing Costs” Narrative Showdown Intensifies

On Monday, oil prices rose and US Treasury bonds were sold off again as former US President Donald Trump rejected Iran's latest proposal to reopen the Strait of Hormuz, heightening concerns about inflation.

智通财经•2026/09/28 03:16

Banks Have Been Earning Effortlessly from Idle Funds for Years—Will AI Agents Change Everything?

For years, banks have profited from customers' idle funds, but AI agents may be about to change this situation.

智通财经•2026/09/28 03:11

Goldman Sachs: US stocks are showing a "strong index, weak confidence" pattern; catch-up rally may become the main theme of the next phase

Goldman Sachs stated that the current U.S. stock market is showing an unusual pattern: while index performance is strong, investor confidence remains weak. This suggests that the market still has further upside potential, and stocks that previously lagged behind leading AI stocks may soon experience a catch-up rally.

智通财经•2026/09/28 03:06
Goldman Sachs: US stocks are showing a "strong index, weak confidence" pattern; catch-up rally may become the main theme of the next phase