The resolution SCR1033 encourages the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to actively monitor the development of Bitcoin and other digital asset exchange-traded funds (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 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-Eighth Legislature's First Regular Session. The resolution aims to ensure that Arizona's retirement systems are well-informed and prepared to adapt to the evolving financial landscape involving digital assets.