Michigan pension fund invests $6.6 million in Bitcoin via ARK 21Shares ETF

The State of Michigan Retirement System reported a Bitcoin (BTC) investment amounting to $6.6 million through ARK 21Shares ARKB spot BTC exchange-traded fund (ETF), revealed the filing of its 13-F Form filed with the SEC today. This is equivalent to 0.004% of the $143.9 billion in assets under management of Michigans pension fund as of December 2023.The 13-F form is a quarterly report filed... source: https://cryptobriefing.com/michigan-bitcoin-investment-pension/