BREAKING: Luxembourg's sovereign wealth fund put 1% into Bitcoin. A year ago. About $9,000,000. Out of roughly $900,000,000. Through regulated Bitcoin ETFs. Not direct holdings. First Eurozone state fund to do it. Announced by Finance Minister Gilles Roth in the 2026 budget. The fund's own explanation: "A 1% allocation strikes the right balance, while sending a clear message about Bitcoin's long-term potential." Its director admitted some will call it "too conservative." Here's the real structure. Luxembourg's new policy lets the fund hold up to 15% in alternatives. Private equity, real estate, crypto. Bitcoin got 1%. Real estate got 4%. Private equity got 10%. Roth called Bitcoin "digital gold" at Bitcoin Amsterdam in November. Some context for the scale. The country manages €7.6 trillion in funds overall. This position is a rounding error against it. Norway's much larger fund raised its indirect Bitcoin exposure by 192% in the same period. So no, 190 countries didn't "take notes" overnight. A small fund made a small, symbolic, ETF-based bet. The message mattered more than the money.