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

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. A recent Reuters report, citing a The post Institutional Bitcoin Adoption Surge: Michigan Pension Fund Invests $6.6M in BTC ETFs appeared first on Coin Edition .

Source: Coin Edition