Michigan Fund Boost Bitcoin ETF by $11M through ARK 21Shares

Published: 2025-08-06 06:06:53 |

Michigan Retirement System nearly double dia Bitcoin ETF holdings using ARK 21Shares (ARKB), dem increase from 110,000 to 300,000 shares weh worth about $11 million by end of Q2. Di holdings dey based on current ARKB price of $37.72, weh make di portfolio value around $11.3 million. Di pension fund still get 460,000 shares of Grayscale Ethereum Trust (ETHE), e never change since September 2024, weh worth $9.6 million. Dis move show say plenty big institution dey adopt spot Bitcoin ETF products well well since SEC approve am January 2024. Other states like Wisconsin too don waka join to increase dem Bitcoin holdings through products like IBIT and GBTC. Strong net inflows for US spot Bitcoin ETFs plus rise in Ethereum ETF inflows dey support positive market trend, with spot ETFs now holding over 1.292 million BTC and ETH positions up 40% per month.

Bullish

Michigan Retirement System don increase how dem dey allocate money for Bitcoin ETF show say strong institutional demand dey, and e dey make people positive about market. Other state pension funds like Wisconsin don also sharply increase how much Bitcoin products dem hold after SEC approve am. Ongoing net inflows into US spot Bitcoin ETFs and rising Ethereum ETF positions don always match price rallies before. For short term, this news fit make more money flow in and push BTC and ETH prices higher. For long term, steady institutional adoption of Bitcoin ETFs go help grow digital asset markets and fit reduce volatility as demand get stronger.