The state's pension fund has decided to invest in something called an Ether ETF (Exchange-Traded Fund). In simple terms, an ETF lets people invest in assets, like stocks or cryptocurrency, without having to buy them directly.

The Michigan state's retirement system strengthens its position in the crypto market. After its initial investment in Bitcoin ETFs, the fund is now adding significant exposure to Ethereum ETFs, demonstrating a growing confidence in digital assets.

The State of Michigan Retirement System, which manages $13.6 billion in pension assets, has begun diversifying its cryptocurrency investments. The post Michigan Pension Fund Diversifies Crypto Holdings, Buys $10M in Ether ETFs appeared first on Cryptonews.

A popular on-chain strategist says Ethereum (ETH) is showing a great risk-reward ratio setup. Analyst Ali Martinez tells his 76,900 followers on the social media platform X that ETH appears to be forming a bullish ascending channel on the weekly timeframe.

As the US heads into a pivotal election, Elon Musk has once again managed to send Dogecoin (DOGE) soaring. The Tesla and SpaceX CEO has been actively advocating for his proposed Department of Government Efficiency (DOGE), on various platforms.

The Michigan State Pension Fund has invested $10 million in Ethereum ETFs, becoming the first U.S. state pension fund to do so while demonstrating growing institutional acceptance of digital assets beyond Bitcoin.

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On Monday, the State of Michigan revealed substantial investments in cryptocurrency exchange-traded funds (ETFs) for Bitcoin and Ethereum in a 13F filing with the US Securities and Exchange Commission (SEC).

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The State of Michigan Retirement System (SMRS) has set a new precedent as the first US state pension fund to invest in an Ethereum ETF.

Michigan State acquired shares from two Ethereum ETFs offered by Grayscale to become the first recorded State Pension Fund Ethereum ETFs purchase. The State of Michigan became a top five holder of Grayscale's spot Ethereum according to a US Securities and Exchange Commission (SEC) filing.

Crypto prices today have set off waves of concerns among market participants globally. Bitcoin (BTC) price waned to the $68K level over the past day, whereas Ethereum (ETH), Solana (SOL), and XRP prices witnessed a falling action.

Ethereum price extended losses and traded below the $2,500 support. ETH is consolidating and might struggle to recover above the $2,500 resistance.

In a strategic expansion into crypto, Michigans state pension fund acquired $11 million in Ethereum via ETH ETFs, positioning itself among Grayscales largest Ethereum ETF shareholders and underscoring its confidence in digital assets. Michigans Bold Move into Ethereum ETFs Marks Crypto Milestone X contributor Matthew Sigel said in an X post that Michigan spent $10 million on Ethereum via the ETH ETFs.

The fund now holds more Ethereum than Bitcoin, despite the latter's earlier ETF regulatory approval in January.

A prominent analyst has raised concerns about Ethereum's (ETH) price trajectory as we approach the end of 2024. Benjamin Cowen, a well-respected figure in the crypto community with 819,000 YouTube subscribers, believes Ethereum may be on the verge of a significant drop, potentially reaching as low as $1,000.

Michigan's State Pension Fund disclosed a $10 million investment in Grayscale's Ethereum ETF, paving the way for ETH institutional adoption.

Bitcoin plummeted further, but Dogecoin rose as cryptocurrency investors braced for the high-stakes presidential election. Cryptocurrency Gains +/- Price (Recorded at 8:30 p.m.

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Michigan's pension fund first gained Bitcoin exposure by investing in the ARK 21Shares Bitcoin ETF earlier this year. The fund's 110,000 shares in ARK 21Shares have appreciated by $1 million since June, signaling confidence in the ETF.

Ethereum's price has been stuck in a consolidation phase, trading between $2,700 and $2,340, without a clear breakout in sight.

Cryptocurrency markets are trading lower on the day before the presidential election. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $67,873.44 -1.1% Ethereum (CRYPTO: ETH) $2,429.33 -0.8% Solana (CRYPTO: SOL) $159.90 -0.6% Dogecoin (CRYPTO: DOGE) $0.1596 +7.5% Shiba Inu (CRYPTO: SHIB) $0.00001691 -1.5% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 7.7% and daily active addresses falling by 8.4%.

Ethereum (ETH) is making headlines again as it approaches the significant price point of $2,500. This resurgence is largely due to the growing confidence among long-term holders (LTHs) of the cryptocurrency.

The Michigan State Pension Fund has invested $10 million in Grayscale's Ethereum ETFs (NYSE:ETHE), making it one of the top holders of the product. What Happened: According to an SEC filing, this investment surpasses Michigan's $7 million allocation in Bitcoin (CRYPTO: BTC) ETFs, marking a notable shift in institutional interest.

Reports indicate that the State of Michigan Retirement System recently invested over $10 million in ethereum exchange-traded funds (ETFs), specifically in Grayscale's Ethereum Trust and its Ethereum Mini Trust.

The State of Michigan Retirement System disclosed over $11 million in exposure to spot Ethereum (ETH) exchange-traded funds (ETF) in its latest 13-F filing.

ETH has been trading at a discount on the ETF market amid weakening demand.

Michigan Pension fund has bought $10 million worth of Ethereum through Grayscale's ETFs. VanEck's Head of Digital Assets Research, Matthew Sigel, made this revelation in an X post.

Bitcoin price trades below $70,000 as traders derisk ahead of the election. Will altcoins follow this trend or take advantage of BTC's consolidation?

Ethereum (ETH) price has experienced a period of consolidation after recent gains, with a decline pushing it below the $2,550 support level. While ETH faces resistance of nearly $2,500, it holds the potential for recovery if it clears this key barrier.

Michigan's state pension fund invests $11M in Ethereum ETF, marking a significant Ethereum ETF investment milestone in US pensions. The post Michigan becomes first state pension fund to invest in Ethereum ETFs with $11M stake appeared first on Crypto Briefing.

Ethereum ETFs recorded their first State Pension Fund buy, as Michigan scooped shares from two funds offered by Grayscale.

Vlayer, a crypto startup developing "Solidity 2.0" — which adds new functions to Ethereum's smart contract language — has raised $10 million.

The value of the ARK 21Shares Bitcoin ETF shares held by the state's pension fund increased by roughly $1 million since being reported.

As Ethereum continues to struggle to gain any lasting momentum, one analyst notes last week's dip as a bear trap and the "final dip" before refocusing its gaze on a new high. The post Ethereum Eyes ‘Final Dip' Below $2.5K – Will This Be the Launchpad for a New All-Time High? appeared first on Cryptonews.

The Michigan pension agency disclosed it held about $10 million worth of Grayscale's Ethereum Trust as of the end of the third quarter.

The State of Michigan Retirement System has purchased 460,000 shares of Grayscale Ethereum Trust (ETHE) for roughly $10 million, according to a recent regulatory filing.

Ethereum is trading at a critical demand level following an 11% pullback from recent local highs. This dip has analysts and investors on edge, as losing this level could trigger a wave of aggressive sell-offs, potentially driving ETH prices lower.

As Ethereum begins to show positive price action once again, the altcoin is seeing a wave of bullish predictions from multiple crypto experts about its trajectory in the short term, suggesting a potential rally in the upcoming weeks.

Ethereum (ETH), the second-largest crypto by market capitalization after Bitcoin, continues to generate significant interest among investors and analysts, especially in light of recent news about its profitability and profit. According to an analysis conducted by the CryptoQuant analyst known as Baykuş, a surprising 79.92% of Ethereum addresses are currently in profit.

Buyers are back in the game at the beginning of the week, according to CoinStats.

The cryptocurrency market is reacting to the upcoming US Presidential election after more than $288M was liquidated within 24 hours per Coinglass. Out of these liquidations, $142M were long, while $86M were short.