Bitcoin News: U.S. Pensions Turn to Crypto
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The Michigan State Retirement System has tripled its investment in the ARK 21Shares Bitcoin ETF (ARKB), according to a recent filing with the U.S. Securities and Exchange Commission (SEC) dated August 5.
As of June 30, the fund held 300,000 shares of ARKB, up from 100,000 shares on March 31. This increased the market value of its Bitcoin ETF holdings from approximately $4.1 million to $10.7 million—a significant step signaling growing…
