Colombia's No. 2 pension fund manager rolls out Bitcoin-linked portfolio

According to CoinDesk, AFP Protección—Colombia's second-largest pension fund manager—oversees about $55 billion in assets for more than 8.5 million clients. The firm has introduced a new investment portfolio in Colombia that provides exposure to Bitcoin, becoming the second major pension institution in the country to do so in under a year. The move is often framed as a pension fund "buying Bitcoin," but the offering is structured as a regulated, vetted product. Clients must complete individualized consultations and a risk assessment before they can allocate even a small portion of their savings to Bitcoin. Skandia Administradora de Fondos de Pensiones y Cesantías was the first Colombian pension administrator to introduce Bitcoin exposure, doing so in September 2025. With two large players in the same market taking similar steps within months, the shift reads less like a one-off headline and more like a structural signal.