<ul><li>The State of Michigan Retirement System has invested $10 million in Grayscale’s Ethereum Trust (ETHE), making it the first U.S. state pension fund to venture into Ethereum ETFs.</li><li>The fund also acquired $1.1 million in shares from Grayscale’s Ethereum Mini Trust.</li><li>This investment marks a major shift in the fund's digital asset strategy, as its Ethereum holdings now exceed its Bitcoin position.</li><li>ETHE faces competition from lower-fee Ethereum ETFs offered by BlackRock and Fidelity.</li></ul>

Michigan State Pension Fund Allocates $10M to Ethereum Trust Holdings

Discover more