<ul><li>The State of Michigan Retirement System has invested $11 million in Grayscale's Ethereum trusts, becoming the first US pension fund to invest in an Ethereum ETF.</li><li>This investment can create upward pressure on ETH's price, as participation from larger financial entities signals increased confidence in the asset's value.</li><li>The State of Michigan also holds Bitcoin investments and is not an outlier in its foray into cryptocurrencies.</li><li>The increased interest from retirement funds in digital assets signifies a notable shift in traditional finance towards the acceptance of cryptocurrencies, potentially enhancing ETH's market position and value.</li></ul>

Ethereum ETF: Can Michigan Pension Fund’s Investment Spark a Green Rally for ETH?

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