Michigan State Pension Fund Triples $BTC ETF Holdings to $10.7M
Institutional interest in Bitcoin continues to grow — this time from the public sector.
Michigan’s state pension fund has tripled its position in the ARK 21Shares Bitcoin ETF (ARKB), now holding 300,000 shares worth $10.7 million, up from 100,000 shares last quarter.
The move highlights how regulated spot Bitcoin ETFs — approved in early 2024 — are enabling traditional funds to gain Bitcoin exposure without holding the asset directly.
This isn’t an isolated case. Other public institutions like Wisconsin’s Investment Board have reported similar moves into spot ETFs from providers like BlackRock and Grayscale.
As Bitcoin trades near $113,000, filings like these confirm a trend: legacy institutions are entering the market — quietly but steadily.
📌 For informational purposes only. Not financial advice.