The resolution encourages the Arizona State Retirement System and the Public Safety Personnel Retirement System to explore the potential use of digital assets, particularly Bitcoin and digital asset exchange-traded funds (ETFs), in their investment portfolios. It highlights the growing interest and market capitalization of digital assets, noting that significant institutional investments are being made in Bitcoin ETFs, which have recently been approved by the U.S. Securities and Exchange Commission. The resolution emphasizes the importance of these retirement systems to evaluate the risks and benefits of such investments, given the evolving regulatory landscape.

To facilitate this exploration, the resolution calls for the retirement systems to closely monitor developments in Bitcoin and other digital asset ETFs, consult with approved firms regarding these investment vehicles, and consider their implications for portfolio diversification. Additionally, it mandates the submission of a comprehensive report detailing the feasibility, risks, and potential benefits of investing in digital assets to the State Treasurer's office and legislative leaders prior to the next legislative session. This initiative aims to ensure that Arizona's retirement systems are aligned with modern financial trends while safeguarding the interests of their members.