United

Bitcoin

Spot

Coin

<ul class="news-points">
 <li>State of Michigan Retirement System has invested $6.6 million in ARK 21Shares BTC ETF.</li>
 <li>The state of Wisconsin’s investment board invested $162 million spot BTC ETFs.</li>
 <li>Spot ETH ETFs are also expected to attract significant interest in the near future.</li>
</ul>
The State of Michigan Retirement System, the pension fund responsible for managing retirement programs for Michigan’s state employees, has strategically invested $6.6 million in spot Bitcoin exchange-traded funds (ETFs), specifically purchasing the ARK 21Shares Bitcoin ETF. This move underscores the fund’s optimistic outlook on the world’s leading digital asset.&nbsp;&nbsp;&nbsp;
A recent Reuters report, <a href="https://www.reuters.com/technology/michigan-state-pension-fund-makes-66-million-bitcoin-etf-investment-2024-07-26/" target="_blank" rel="noopener noreferrer nofollow">citing a Friday filing</a>, revealed this to be the State of Michigan Retirement System’s second investment in spot Bitcoin ETFs, which received approval from the United States Securities and Exchange Commission (SEC) in January. This development highlights the growing institutional interest in digital investment products.
The State of Michigan Retirement System currently oversees approximately $143.9 billion in assets. In a similar vein, the state of Wisconsin’s investment board, managing a substantial $156 billion, recently dis…
The post <a href="https://coinedition.com/institutional-bitcoin-adoption-surge-michigan-pension-fund-invests-6-6m-in-btc-etfs/" rel="noopener noreferrer nofollow">Institutional Bitcoin Adoption Surge: Michigan Pension Fund Invests $6.6M in BTC ETFs</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Institutional Bitcoin Adoption Surge: Michigan Pension Fund Invests $6.6M in BTC ETFs

Coin Edition

2024년 7월 27일에 게재된 다른 기사

$920 Billion Asset Manager Hamilton Lane Floats Massive Fund on Solana

US Senator Roger Marshall Withdraws Support For Elizabeth Warren’s Anti-Crypto Bill

Elon Musk Discusses Civilization’s Consciousness with El Salvador’s President

Bitcoin Conference 2024: BTC Hits $69K Ahead Trump’s Speech, New ATH Incoming?

Meme Coins See Significant Surges

Cantor Fitzgerald announces $2B Bitcoin financing business

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!