Norway’s sovereign wealth fund lost $40B in Q1— Will it hedge risk by increasing Bitcoin exposure?

Key takeaways:

• Norges Bank lost $40 billion in Q1 2025 as US tech stocks fell, exposing the risk of concentrated positions.

• The bank’s indirect Bitcoin exposure via stocks reached $356 million, raising sell pressure risk amid a global trade war and recession concerns.

• Abu Dhabi’s $437 million spot Bitcoin ETF stake shows sovereign wealth funds see Bitcoin as a hedge.

Norges Bank, Norway’s $1.7 trillion sovereign wealth fund, reported a $40 billion loss in the first quarter of 2025...