Michigan’s state pension fund increased its Bitcoin ETF holdings to 300,000 shares in Q2 while retaining a steady Ethereum allocation, reflecting growing institutional exposure amid notable ETF outflows.
Michigan’s state pension fund tripled its Bitcoin ETF holdings from 100,000 to 300,000 shares, now valued at $11.4 million in Q2, and maintained a $13.6 million Ethereum position through 460,000 Grayscale Ethereum Trust shares. This move comes amid four consecutive days of ETF outflows in the U.S. market, with projections hinting at potential Bitcoin price surges driven by rising institutional inflows.