Good news for the crypto world! 🚀 The Michigan State Retirement System has increased its exposure to exchange-traded funds (ETFs) of Ethereum, according to an SEC filing.
- Michigan now holds 460,000 shares of the Grayscale Ethereum Trust and the Ethereum Mini Trust.
- They already had exposure to the ARK 21Shares Bitcoin ETF, with a total investment value in BTC and ETH of around $18 million.
Do you think more pension funds will follow this path? Let us know your opinion in the comments!