The inclusion of cryptocurrency in sovereign wealth funds, such as Norway’s Government Pension Fund Global, remains limited but growing. As of 2024, Norway’s fund, managing $1.8 trillion, holds indirect Bitcoin exposure worth $356 million (0.02% of assets) through stakes in companies like MicroStrategy and Coinbase. This reflects a 153% increase from 2023, driven by sector-weighted portfolios. Ethical concerns, including money laundering risks, have prompted scrutiny, with potential divestment in 2025. While direct crypto investments are absent due to volatility and environmental concerns, indirect exposure via equities is rising. Other funds, like Abu Dhabi’s, show similar trends, but cryptocurrencies still represent a tiny fraction of these portfolios, prioritizing equities (70.9%) and fixed income (27.1%).