Another State in America Unveils Investment in Bitcoin ETF

Rapidly evolving blockchain technology and growing interest in cryptocurrencies are beginning to have a significant impact on the financial strategies of public institutions.

On July 25, Mayor Stephen Fulop announced that the city was updating its Securities and Exchange Commission (SEC) filings to include Bitcoin ETFs in its pension investments, following the Wisconsin Pension Fund’s recent decision to allocate 2% of its assets to Bitcoin ETFs.

Shortly after the Jersey City mayor’s announcement that a portion of the city’s pension fund would be allocated to purchase a Bitcoin ETF, the state of Michigan also revealed its intentions, investing $6.6 million in the ARK ETF for its pension fund.

BREAKING: 🇺🇸 Michigan Retirement System has bought $6.6 million #Bitcoin through the ARK ETF.

✅ Wisconsin
✅ Michigan
✅ Jersey City

🫡 @MacroScope17

— Bitcoin Archive (@BTC_Archive) July 26, 2024