The resolution SCR1005 encourages the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to actively monitor the development of Bitcoin exchange-traded funds (ETFs) and other digital asset ETFs. It emphasizes the importance of evaluating the potential risks and benefits of incorporating these digital assets into their investment portfolios, particularly in light of the growing institutional interest and regulatory developments surrounding Bitcoin ETFs. The resolution highlights the need for these retirement systems to consult with firms approved by the U.S. Securities and Exchange Commission that offer digital asset ETFs.

Furthermore, the resolution mandates that ASRS and PSPRS submit a comprehensive report detailing the feasibility, risks, and potential benefits of investing a portion of their funds into digital asset ETFs. This report is to be provided to the State Treasurer, the President of the Senate, and the Speaker of the House of Representatives at least three months prior to the start of the second regular session of the fifty-seventh legislature. The resolution reflects a proactive approach to adapting to the evolving financial landscape and ensuring that the retirement systems meet the best interests of their members.