Michigan Pension Fund Discloses Over $10 Million Ethereum Spot ETF Holdings

BlockBeats News, November 5th, the Michigan State Retirement Fund revealed its new position in the Grayscale Ethereum Trust on the day the Financial Instrument, based on Ethereum, began trading in July.

The Michigan State Retirement Fund disclosed in a 13F filing that it holds 460,000 shares of the Grayscale Ethereum Trust (ETHE), valued at approximately $10 million as of the end of the third quarter, making it one of the top five holders of the Fund.

VanEck's Director of Digital Asset Research, Matthew Sigel, noted that the institution also disclosed holding 460,000 shares of the Grayscale Ethereum Mini Trust ETF (ETH), valued at around $1.1 million. (The Block)