Michigan

Michigan Bets on Ethereum, Signaling Institutional Embrace of Crypto’s Future

November 4, 2024
Michigan’s state pension fund is placing a significant bet on the future of Ethereum, adding fuel to the growing institutional embrace of cryptocurrencies.  On Monday, the State of Michigan Retirement System disclosed its holdings in two Ethereum-focused exchange-traded funds (ETFs) managed by Grayscale: the Grayscale Ethereum Trust and the Ethereum Mini Trust. The SEC filing,