🚀 Crypto News Flash! 🚀

The State of Michigan Retirement System has invested $6.6 million in ARK 21Shares’ ARKB spot Bitcoin ETF, a small but significant 0.004% of its $143.9 billion pension fund. This move mirrors Wisconsin's recent $99 million Bitcoin investment via BlackRock’s IBIT ETF.

📈 Institutional Adoption:

- Michigan and Wisconsin lead the charge in state pension funds embracing Bitcoin.

- Jersey City plans to follow suit, with Mayor Steven Fulop backing crypto investments.

🔍 Market Trends:

- Bitcoin Spot ETFs have seen a $75 million influx in just two days.

- Talks of the U.S. adding Bitcoin to its strategic reserves are gaining traction.

What do you think about state pension funds investing in Bitcoin? Share your thoughts in the comments! 💬