Bitcoin Magazine Michigan State Pension Fund Triples Bitcoin ETF Holdings to $10.7 Million

Michigan’s state pension fund has increased its exposure to Bitcoin through a significant purchase of the ARK 21Shares Bitcoin ETF (ARKB). According to a new SEC filing, the fund held 300,000 shares of ARKB as of June 30, up from 100,000 shares reported at the end of March.

The position is valued at approximately $10.7 million, compared to roughly $4.1 million three months earlier. The increase comes as spot Bitcoin ETFs continue to see inflows following their approval in January 2024.

The ARK 21Shares Bitcoin ETF is one of several spot Bitcoin funds approved by the SEC, allowing institutions to gain exposure to Bitcoin without directly holding the asset. These filings provide a window into how pu

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