Dutch pension funds managing nearly 2,000 billion euros in assets, along with German and Swiss family offices with approximately 1,000 billion euros, are seeking alternatives to US investments. Norway’s sovereign wealth fund, Norges Bank Investment Management, managing 2,300 billion dollars, proposed reducing US Treasury holdings in its bond portfolio from 70% to 50%, representing approximately 80 billion dollars in sales. In August, European equity funds attracted 13.5 billion dollars in one week, versus 2.6 billion for US funds. French gem Mistral AI raised 3 billion euros at a valuation of 21 billion euros, and Bitcoin trades around 78,316 dollars, up 20.8% over 30 days, though ETF flows into Bitcoin remain dominated by US investors.
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