Michigan State Pension Fund in the U.S. Expands Investment in Bitcoin Spot ETF

YM Lee

Summary

It has been reported that the Michigan State Pension Fund in the United States has significantly increased its investment allocation in the Bitcoin Spot ETF.
The Michigan State Pension Fund holds 300,000 shares of the ARK 21Shares Bitcoin ETF (ARKB), which is said to be nearly three times higher than last year.
Additionally, the fund holds 460,000 shares of the Grayscale Ethereum Trust (ETHE), but the holding amount has remained unchanged since September of last year.

It was revealed that the Michigan State Pension Fund in the United States has significantly increased its investment allocation related to Bitcoin (BTC).

On the 6th (local time), Cointelegraph, citing a report from the U.S. Securities and Exchange Commission (SEC), reported, "As of the second quarter of this year, the Michigan State Pension Fund holds 300,000 shares of the ARK 21Shares Bitcoin ETF (ARKB). This figure is nearly three times higher than its exposure last year."

Additionally, the Michigan State Pension Fund also holds 460,000 shares of the Grayscale Ethereum Trust (ETHE), with the holding amount remaining unchanged since September of last year.

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YM Lee

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Michigan State Pension Fund in the U.S. Expands Investment in Bitcoin Spot ETF

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