Michigan, USA, has included Bitcoin ETFs in its pension fund and disclosed the purchase of 6.6 million dollars

ChainCatcher news, according to Watcher.Guru, the state of Michigan in the United States has included Bitcoin ETFs in its pension fund and disclosed a purchase of $6.6 million.

In addition, according to financial data platform Fintel, the Michigan pension fund bought 110,000 shares of the ARKB Bitcoin spot ETF in the second quarter, valued at approximately $6.6 million.

Previously reported, Steven Fulop, the mayor of Jersey City, New Jersey, announced on Thursday that the city's pension fund will allocate a certain percentage of its investments to Bitcoin exchange-traded funds (ETFs).