Michigan Retirement Fund Buys Into ARK 21Shares Bitcoin ETF
Michigan Makes a Bold Move into Cryptocurrency with Significant Investment The financial landscape is constantly evolving, and it seems like Michigan has decided not to just watch from the sidelines In what can be described as a pioneering step, the State of Michigan Retirement System has embarked on a noteworthy journey into the domain of cryptocurrency This move is highlighted by its investment in a bitcoin exchange-traded fund (ETF), signaling a broader acceptance of digital assets within traditional investment strategies Michigan's Leap into bitcoin ETFs Documents recently submitted to the United States Securities and Exchange Commission (SEC) reveal Michigan’s audacious step The state’s pension fund acquired an impressive 110,000 shares of the ARK 21Shares bitcoin ETF (ARKB), a move valued at around $6...
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