* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, August 5, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Nasdaq-listed Verb Technology to build $558 million TON treasury, rebrand as TON Strategy Co. – The Block

    Nasdaq-Listed Verb Technology to Build $558 Million TON Treasury and Rebrand as TON Strategy Co

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

    Credo Technology: Driving the Next Wave of AI Innovation

    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Nasdaq-listed Verb Technology to build $558 million TON treasury, rebrand as TON Strategy Co. – The Block

    Nasdaq-Listed Verb Technology to Build $558 Million TON Treasury and Rebrand as TON Strategy Co

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

    Credo Technology: Driving the Next Wave of AI Innovation

    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Michigan pension fund discloses $6.6 million in Bitcoin ETFs

July 27, 2024
in Business
Michigan pension fund discloses $6.6 million in Bitcoin ETFs
Share on FacebookShare on Twitter

The State of Michigan Retirement System holds $6.6 million in 21Shares’ ARKB ETF.
Michigan pension fund’s disclosure adds to growing number of US state pension funds buying spot Bitcoin ETFs.
BTC has surged to $68,000 again amid the Bitcoin 2024 conference.

The State of Michigan Retirement System has disclosed an investment of $6.6 million in ARKB, the spot Bitcoin exchange-traded fund by 21Shares.

Michigan’s state pension fund revealed the ETF investment in a 13-F form filed with the US Securities and Exchange Commission. Per the filing, the pension fund holds 110,000 ARKB shares, whose equivalent value of $6.6 million represents about 0.004% of the $143 billion the state holds in its pension fund.

US state pension funds add Bitcoin ETFs

The SEC approved spot Bitcoin ETFs for trading in January 2024, opening the cryptocurrency to further adoption as institutional investors took notice.

Since then, spot BTC ETFs have accumulated over $59.4 billion in total net assets, with these accounting for about 4.59% of the total Bitcoin supply. According to SosoValue data, the spot Bitcoin ETFs market in the US has seen total net inflows of over $17.54 billion.

The growing exposure and adoption is what the State of Michigan’s pension fund suggests with their ETF purchase. However, this isn’t the first US state to dive into the crypto ETF space via Bitcoin.

In May this year, the State of Wisconsin Investment Board disclosed an investment of over $99 million in spot Bitcoin ETF. The filing with the SEC showed the outlay was via BlackRock’s IBIT ETF. 

Jersey City Mayor Steven Fulop has also revealed plans to add Bitcoin ETFs to the city’s pension fund.

Bitcoin price surges

Meanwhile, Bitcoin is set to garner more attention this week amid the Bitcoin 2024 convention in Nashville, Tennessee. Donald Trump is scheduled to speak at the conference on June 27, an event that will likely shed more light on his pro-crypto stance.

Bitcoin, on the other hand, has surged by more than 5% in the past 24 hours to near $68,000 as bulls eye a fresh weekend bounce. The BTC price could retest the $70,000 mark and possibly target the all-time peak seen in March if bulls maintain the upside momentum.

CryptoQuant CEO Ki Young Ju said in a post on X on Friday that Bitcoin’s bull market phase could last well into 2025.

#Bitcoin Bull Cycle Likely Until Mid-2025

Old whales take profits during bull markets. Their selling brings new capital into accumulation addresses, raising realized prices.

Past cycles had profit realization periods of about 18 months. It started 4 months ago this time. pic.twitter.com/zkc8XxkmHi

— Ki Young Ju (@ki_young_ju) July 26, 2024

Share this articleCategoriesTags

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CoinJournal – https://coinjournal.net/news/michigan-pension-fund-discloses-6-6-million-in-bitcoin-etfs/

Tags: businessMichiganPension
Previous Post

Jersey City mayor to invest pension fund in Bitcoin ETFs

Next Post

SOL shorts suffer as price surges; Solana’s Poodlana hits $3 million milestone

Who’s the top dog? Wave-riding canines compete in the World Dog Surfing Championships – NPR

Meet the Ultimate Wave-Riding Canines Battling for the World Dog Surfing Championship!

August 5, 2025
‘The Big Short’ investor warns despite economy’s stronghold against ‘thoughtless,’ ‘unprecedented’ tariffs so far, stagflation is coming – Fortune

The Big Short’ Investor Issues Stark Warning: Stagflation Threatens Despite Economy’s Surprising Strength Against Unprecedented Tariffs

August 5, 2025
‘Billie Jean’ – Hyde Park Herald

The Enduring Magic Behind ‘Billie Jean’ Revealed

August 5, 2025
Health insurance in Pennsylvania may see biggest hike in years – 90.5 WESA

Pennsylvania Braces for Its Largest Health Insurance Increase in Years

August 5, 2025
The Origins of the Political Power Grab in Texas – The New York Times

Inside Texas’s Bold Quest for Political Control

August 5, 2025
Nasdaq-listed Verb Technology to build $558 million TON treasury, rebrand as TON Strategy Co. – The Block

Nasdaq-Listed Verb Technology to Build $558 Million TON Treasury and Rebrand as TON Strategy Co

August 5, 2025

USA Wrestling and Pure&Clean Sports continue partnership to champion athlete safety and advance the sport – USA Wrestling

August 5, 2025
Archived natural DNA samplers reveal four decades of biodiversity change across the tree of life – Nature

Four Decades of Biodiversity Uncovered Through Archived Natural DNA Samplers

August 4, 2025
Scientists say they have solved the mystery of what killed more than 5 billion sea stars – Yahoo Home

Scientists say they have solved the mystery of what killed more than 5 billion sea stars – Yahoo Home

August 4, 2025
Science and the courts need to better distinguish between correlations and causation – Genetic Literacy Project

Science and the courts need to better distinguish between correlations and causation – Genetic Literacy Project

August 4, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (754)
  • Economy (780)
  • Entertainment (21,657)
  • General (16,291)
  • Health (9,817)
  • Lifestyle (787)
  • News (22,149)
  • People (778)
  • Politics (789)
  • Science (15,992)
  • Sports (21,275)
  • Technology (15,757)
  • World (761)

Recent News

Who’s the top dog? Wave-riding canines compete in the World Dog Surfing Championships – NPR

Meet the Ultimate Wave-Riding Canines Battling for the World Dog Surfing Championship!

August 5, 2025
‘The Big Short’ investor warns despite economy’s stronghold against ‘thoughtless,’ ‘unprecedented’ tariffs so far, stagflation is coming – Fortune

The Big Short’ Investor Issues Stark Warning: Stagflation Threatens Despite Economy’s Surprising Strength Against Unprecedented Tariffs

August 5, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version