The resolution SCR1016 encourages the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to explore the potential inclusion of digital asset exchange-traded funds (ETFs) in their investment portfolios. It highlights the growing interest and market capitalization of digital assets, particularly Bitcoin, which has recently gained traction with the approval of multiple Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC). The resolution emphasizes the importance of these retirement systems to monitor developments in this area and to consider the implications of such investments for their members.

Furthermore, the resolution mandates that ASRS and PSPRS submit a comprehensive report detailing the feasibility, risks, and potential benefits of investing in digital asset ETFs. This report should include options and recommendations for safe investment practices and must be presented to the State Treasurer, the President of the Senate, and the Speaker of the House of Representatives at least three months prior to the commencement of the Fifty-Seventh Legislature, First Regular Session. The resolution does not anticipate any fiscal impact on the state General Fund.