<ul><li>The State of Michigan Retirement System has become the first public pension fund to invest in Grayscale's Ethereum exchange-traded funds (ETFs).</li><li>Michigan's pension fund has purchased 460,000 shares in Grayscale's Ethereum Trust (ETHE), valued at $10.07 million.</li><li>The fund also bought 1.1 million shares in the Grayscale Ethereum Mini Trust (ETH).</li><li>Michigan now owns more Ethereum than Bitcoin, showcasing a growing interest in diversifying crypto holdings among state pension funds.</li></ul>

Michigan Becomes First State Pension Fund To Invest In Ethereum ETFs With $10 Million Buy

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