SCR1016 is a resolution that encourages the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to explore the potential inclusion of digital asset ETFs, such as Bitcoin ETFs, in their investment portfolios. The resolution acknowledges the rapidly evolving landscape of financial investments with the advent of digital assets and notes the growing institutional interest in such investment vehicles. It also references the approval of Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) and the significant market capitalization of these assets.

The resolution outlines specific actions for ASRS and PSPRS, including monitoring developments in digital asset ETFs, considering the implications of including such assets in their portfolios, and consulting with firms approved by the SEC to offer digital asset ETFs. Additionally, it calls for the submission of a comprehensive report on the feasibility, risks, and potential benefits of investing state retirement system funds into digital asset ETFs. This report should include a list of options and recommendations for safe investment in digital assets and should be presented to the State Treasurer, President of the Senate, and Speaker of the House of Representatives at least three months before the beginning of the Fifty-Seventh Legislature, First Regular Session.