Michigan State Pension Fund Boosts Bitcoin ETF Holdings to $10.7 Million

Michigan’s pension fund tripled its ARKB holdings to $10.7 million, signaling rising institutional interest in Bitcoin ETFs.

Deniz Saat

August 05, 2025 @ 5:34 PM PT

Michigan’s state pension fund has significantly expanded its position in the ARK 21Shares Bitcoin ETF (ARKB), tripling its holdings to 300,000 shares as of June 30th, according to a recent SEC filing.

In an SEC filing today, Michigan's state pension fund reported owning 300,000 shares of the Ark Bitcoin ETF as of June 30 (valued at $10.7 million).

That's an increase from 100,000 shares previously reported as of March 31.

Filing:https://t.co/bO7boi5OB3
— MacroScope (@MacroScope17) August 5, 2025

This marks a notable increase from the 100,000 shares reported at the end of Q1.

The ETF stake is now valued at roughly $10.7 million, up from $4.1 million in March, reflecting broader institutional interest in spot Bitcoin ETFs since their regulatory approval in January 2024.

ARKB is one of several SEC-approved spot Bitcoin ETFs that enable institutional investors to gain exposure to Bitcoin without directly owning it.

These types of disclosures highlight how regulated vehicles are being used by public entities to participate in the Bitcoin market.

Michigan joins a growing number of public institutions allocating to Bitcoin via ETFs. Earlier in the year, the Wisconsin Investment Board revealed investments in Bitcoin funds from BlackRock and Grayscale.

While smaller entities have also made similar moves, Michigan's position is among the more sizable public pension fund entries to date.

The rise of spot ETFs appears to be accelerating traditional investor participation, with regulatory clarity helping pave the way for broader adoption.