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$BTC According to the filing, the pension fund made its first Bitcoin investment through the Ark 21Shares Bitcoin ETF – the fourth largest U.S. Bitcoin ETF behind BlackRock, Grayscale, and Fidelity. The $6 million investment is just a drop in the ocean compared to the pension’s reported $143.9 billion in assets as of December 2023, making for a 0.004% slice of the total pie. For every citizen of Michigan, it represents just $0.71 worth of BTC. “As someone from Michigan… boo yah on being ahead of the curve,” tweeted Luke Broyles, Head of Blockware podcast, on Friday. “They got off zero.” Michigan is now the second U.S. state to confirm it’s “off zero” after Wisconsin. In May, the State of Wisconsin Investment Board (SWIB) revealed that it had deployed $154 million across BlackRock and Grayscale’s Bitcoin ETFs, as of March 31 – a 0.4% slice of its $37.8 billion securities portfolio.$BTC