Many friends ask how pension funds could possibly invest in $BTC , $ETH , but in fact, there are precedents for this. For example, the Michigan pension fund in the United States recently submitted disclosures to the SEC, revealing that it holds:

ARK Bitcoin ETF, 300,000 shares

Valued at 11.3 million dollars

Grayscale Ethereum Trust, 460,000 shares

Valued at 9.595 million dollars

Among them, the Bitcoin ETF has increased its holdings nearly 3 times compared to the first quarter of this year.

So don't view Western pension funds through the lens of a certain university's pension investments; these managers and operators are quite forward-looking.