{"id":2124,"date":"2024-11-04T19:01:41","date_gmt":"2024-11-04T19:01:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2124"},"modified":"2024-11-04T19:01:41","modified_gmt":"2024-11-04T19:01:41","slug":"michigan-pension-fund-invests-10m-in-ethereum-etfs-exceeds-bitcoin-holdings","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2124","title":{"rendered":"Michigan Pension Fund Invests $10M In Ethereum ETFs, Exceeds Bitcoin Holdings"},"content":{"rendered":"<div>\n<p>The Michigan State Pension Fund has invested $10 million in <strong>Grayscale&#8217;s Ethereum ETFs<\/strong> (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/ETHE#NYSE\">ETHE<\/a>), making it one of the <a href=\"https:\/\/www.benzinga.com\/money\/what-is-ethereum-etf\">top holders of the product<\/a>.<\/p>\n<p><strong>What Happened: <\/strong>According to an SEC <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/762152\/000076215224000013\/xslForm13F_X02\/InformationTable_09_30_24.xml\">filing<\/a>, this investment surpasses Michigan&#8217;s $7 million allocation in <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) ETFs, marking a notable shift in institutional interest.<\/p>\n<p>Meanwhile, CoinShares\u2019 report on Monday shows that digital asset investment products witnessed substantial inflows of $2.2 billion last week, pushing year-to-date inflows to a record $29.2 billion. <\/p>\n<p>This spike coincides with increasing market anticipation of a potential Republican win in the <a href=\"https:\/\/www.benzinga.com\/general\/politics\/24\/11\/41720329\/trump-harris-and-the-market-expert-warns-of-post-election-sell-off-stays-long-term-bullish-on-s-\">U.S. presidential election<\/a>.<\/p>\n<p>The surge has pushed the &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41723555\/michigan-pension-fund-invests-10m-in-ethereum-etfs-exceeds-bitcoin-holdings\" alt=\"Michigan\" pension fund invests in ethereum etfs exceeds bitcoin holdings>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Michigan State Pension Fund has invested $10 million in Grayscale&#8217;s Ethereum ETFs (NYSE:ETHE), making it one of the top holders of the product. What Happened: According to an SEC filing, this investment surpasses Michigan&#8217;s $7 million allocation in Bitcoin (CRYPTO: BTC) ETFs, marking a notable shift in institutional interest. Meanwhile, CoinShares\u2019 report on Monday [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2124","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2124"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2124\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}