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Michigan Pension Fund Diversifies Crypto Holdings, Buys $10M in Ether ETFs Cryptonews 05 Nov 2024

Michigan Pension Fund Diversifies Crypto Holdings, Buys $10M in Ether ETFs 📈

The State of Michigan Retirement System, with $13.6 billion in pension assets, is expanding its cryptocurrency portfolio. The system has notably acquired $10 million worth of Ether ETFs, marking a significant move in diversifying its asset holdings. This decision indicates a growing institutional interest in crypto assets, specifically targeting Ethereum through its ETFs.

Source: cryptonews.com ↗