Morgan Stanley Invests Almost $270 Million in Bitcoin ETFs

Morgan Stanley has significantly increased its investment in Bitcoin ETFs, as revealed by newly released documents.

Data from market analysis firm Fintel shows that Morgan Stanley disclosed to regulatory authorities that it acquired 4.27 million shares of the Grayscale Bitcoin Trust (GBTC) on May 15th, amounting to $269.8 million.

The firm’s latest filings with the Securities and Exchange Commission (SEC) reveal a total of 7,816 holdings, with a portfolio value estimated at $1.25 trillion. Among the new additions to Morgan Stanley’s portfolio is the Grayscale Bitcoin Trust.

Other major financial players have also been active in the cryptocurrency market this month. On May 2nd, BNP Paribas, one of the largest banks in the world, bought 1,030 shares of the iShares Bitcoin Trust (IBIT) for $41,684.

On May 9th, trading and technology powerhouse Susquehanna acquired 17,271,326 shares of GBTC in multiple transactions, totaling $1.09 billion. Susquehanna also invested in several other BTC ETFs managed by BlackRock, VanEck, Fidelity, and ARK Invest.

Furthermore, a Form 13F filing on May 10th showed that JPMorgan is holding about $760,000 in spot BTC ETFs for its clients. Wells Fargo reported owning 2,245 shares of GBTC, valued at $121,000, on behalf of its clients.

Author

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.