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The State of Michigan Retirement System disclosed over $11 million in exposure to Ethereum exchange-traded funds (ETF) in its latest filing, making it the first state to invest in Ethereum. Michigan holds a larger position in Ethereum ETFs compared to Bitcoin ETFs. This move is seen as a big win for Ethereum. Other states like Wisconsin, Jersey City, and Florida have also shown interest in adding Bitcoin to their pension funds. Ethereum ETF inflows are expected to pick up in the future.
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