Michigan Pension Fund Increases Holdings of Ark Bitcoin ETF in Q2, Portfolio Value Reaches Approximately $10.7 Million

On August 5, it was reported that according to a U.S. Securities and Exchange Commission (SEC) filing released today, Michigan's state pension fund held 300,000 shares of the Ark Bitcoin ETF (with a market value of approximately $10.7 million) as of June 30. This position has increased compared to the 100,000 shares reported as of March 31. Note: The full name of the Ark Bitcoin ETF is The ARK 21Shares Bitcoin ETF (ARKB).