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In July, news surfaced that the State of Michigan Retirement (SMRS) had also put funds into Ark Invest’s and 21shares’ ETF, known as ARKB. Initially, it acquired approximately $6.59 million in ARKB shares, and that holding has since grown to around $6.9 million. Around this time, Steven Fulop, mayor of Jersey City, N.J., announced that the city’s pension fund would start investing in bitcoin ETF shares.
On Monday, Matthew Sigel, Vaneck’s head of digital asset research, pointed out that t