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Michigan State Pension Fund Expands Crypto Holdings with $10M Ethereum Buy Decrypt 05 nov 2024

Michigan State Pension Fund Expands Crypto Holdings with $10M Ethereum Buy 💼

The Michigan State Pension Fund has made a strategic decision to expand its cryptocurrency holdings by investing $10 million in Ethereum. This investment highlights the fund's growing confidence in Ethereum as it now surpasses its Bitcoin holdings.

This decision comes amid Ethereum’s increasing utility and application potential in various sectors. Additionally, the fund’s position reflects a strategic shift in focus, considering Bitcoin’s recent ETF regulatory approval in January.

Fonte: decrypt.co ↗