{"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":"<p>The Michigan Retirement System, which manages around $144 million in pension funds, <strong><a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/762152\/000076215224000013\/xslForm13F_X02\/InformationTable_09_30_24.xml\">invested<\/a> <\/strong>over $6.9 million in the ARK\/21Shares <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>ETF, comprising approximately 110,000 shares.<\/p>\n<p>Additionally, it has become the first state pension fund to invest in an <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">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<p>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<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/marathon-digital-and-riot-platforms-achieve-record-bitcoin-production-in-2024\/\" title=\"Marathon Digital and Riot Platforms Achieve Record Bitcoin Production in 2024\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-mining-business-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Marathon Digital and Riot Platforms Achieve Record Bitcoin Production in 2024<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>However, despite a robust October, Bitcoin ETFs faced a net outflow of $54.9 million at the start of November, with Fidelity\u2019s FBTC contributing significantly to this decline.<\/p>\n<p>Grayscale\u2019s GBTC saw only $5.51 million in outflows, suggesting stabilization, while BlackRock\u2019s iShares Bitcoin Trust (IBIT) recorded no activity on November 1 after a significant influx of $872 million on October 30.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michigan has made a significant leap into cryptocurrency investments, revealing its holdings in Bitcoin and Ethereum exchange-traded funds (ETFs) in a recent 13F filing with the SEC.<\/p>\n","protected":false},"author":7,"featured_media":50590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-141424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. Pension Fund Invests Heavily in Bitcoin and Ethereum ETFs<\/title>\n<meta name=\"description\" content=\"Michigan has made a significant leap into cryptocurrency investments, revealing its holdings in Bitcoin and Ethereum exchange-traded...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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