Michigan’s Pension Fund Goes All-In on ETH

Michigan just bagged $10M in Grayscale's Ethereum Trust. It's the first state pension fund to ride the Ethereum ETF wave, diving into the crypto trenches alongside retail and early adopters.

They already scooped $6.6M in Bitcoin ETFs this summer, but now? They’re doubling down on Ethereum. While ETHE’s fees sit at 2.5%, giants like BlackRock and Fidelity are grinding it out with ultra-low fees (0.12%!) to lure in more big players.

Is Ethereum on the way up? American pensions are riding on it.

Source: Decrypt