Michigan State Pension Fund Invests $10M in Ethereum ETFs

Michigan State Pension Fund Invests $10M in Ethereum ETFs

Ethereum exchange-traded funds (ETFs) marked a milestone with their first state pension fund investment as the State of Michigan acquired $10 million worth of Ethereum-based ETFs from Grayscale, according to a recent SEC filing. This allocation places Michigan among the top five institutional holders of Grayscale’s Ethereum ETF products. Michigan’s latest Form 13F revealed its significant investment in Grayscale’s ETH and ETHE products, posit...

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