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Michigan Pension Fund Invests Millions in Ethereum ETF

  • Michigan's pension fund has invested $10 million in Ether ETFs and $7 million in Bitcoin ETFs.
  • This decision might surprise some as Bitcoin has been performing well while Ethereum's price has been struggling.
  • Experts believe Michigan's pension fund sees the potential of Ethereum beyond just being a currency, especially in the DeFi sector.
  • Since the launch of Ethereum ETFs, there has been a net outflow of 171,790 ETH (approximately $542.1 million).

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