{"id":141424,"date":"2024-11-05T19:00:17","date_gmt":"2024-11-05T17:00:17","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141424"},"modified":"2024-11-05T14:41:58","modified_gmt":"2024-11-05T12:41:58","slug":"u-s-pension-fund-invests-heavily-in-bitcoin-and-ethereum-etfs","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/u-s-pension-fund-invests-heavily-in-bitcoin-and-ethereum-etfs\/","title":{"rendered":"U.S. Pension Fund Invests Heavily in Bitcoin and Ethereum ETFs"},"content":{"rendered":"

The Michigan Retirement System, which manages around $144 million in pension funds, invested<\/a> <\/strong>over $6.9 million in the ARK\/21Shares Bitcoin<\/a> <\/strong>ETF, comprising approximately 110,000 shares.<\/p>\n

Additionally, it has become the first state pension fund to invest in an Ethereum<\/a> <\/strong>ETF, totaling about $10 million, which positions Michigan among the top five holders of Ethereum and the Grayscale Ethereum Trust.<\/p>\n

In contrast, Wisconsin\u2019s investment board has disclosed Bitcoin ETF holdings, including those from BlackRock and Grayscale. The quarterly 13F filings provide insights into institutional investment strategies, revealing that spot Bitcoin ETFs are experiencing a six-month high in demand.<\/p>\n