<ul><li>The State of Michigan has allocated $10 million to Ethereum ETFs, exceeding its investments in Bitcoin ETFs.</li><li>This move marks a significant step for institutional investment in digital assets.</li><li>Michigan Retirement System invested $6.9 million in the ARK/21Shares Bitcoin ETF, becoming the first state pension fund to invest in Ethereum ETFs.</li><li>Demand for spot Bitcoin ETFs has reached a six-month high, while Ethereum ETFs have yet to replicate this success in the US market.</li></ul>

Michigan’s Pension Fund Allocates $10M To Ethereum ETFs, Exceeding BTC ETF Holdings

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