PANews reported on November 5 that according to The Block, the Michigan Retirement System disclosed that it holds about $10 million worth of Grayscale spot Ethereum ETF (ETHE), becoming the first state-level pension to invest in the product since the ETF went online in July this year. In addition, it also holds about $1.1 million worth of Grayscale Ethereum Mini ETF. The system has previously disclosed holdings of about $7 million in spot Bitcoin ETFs.
Michigan Pension Fund Holds $10 Million in Ethereum ETF, Becoming the First State Pension Fund to Invest in ETH ETF
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