Category: allocates
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Michigan’s Pension Fund Allocates $10M To Ethereum ETFs, Exceeding BTC ETF Holdings
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The state of Michigan on Monday disclosed significant investments in exchange-traded funds (ETFs) for Bitcoin and Ethereum in a 13F filing with the U.S. Securities and Exchange Commission (SEC). This strategic move represents an important step for institutional investment in digital assets, as the Michigan Retirement System manages approximately $144…
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Pending bills nightmare as State allocates zero budget
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Businesses demanding payments from the government for working capital are facing tougher times after the National Treasury did not allocate funds to pay outstanding bills running into hundreds of billions of shillings in the latest supplementary budget despite earlier promises to do so. Private sector players have pinned their hopes…