The post Morgan Stanley’s Bitcoin ETF Position Exposed: Filing Discloses $270 Million In Holdings appeared on BitcoinEthereumNews.com.

In a recent filing with the US Securities and Exchange Commission (SEC), Morgan Stanley, the American multinational investment bank and financial services company, disclosed its substantial investments in the newly approved Bitcoin ETF market. The bank’s filing revealed holdings in two prominent Bitcoin exchange-traded funds: Grayscale Bitcoin Trust (GBTC) and Ark Invest’s ETF. Morgan Stanley’s Multi-Million Dollar Bet According to Fintel data, Morgan Stanley purchased 31,712 shares of Ark’s 21Shares ETF (ARKB), while also allocating an impressive $269 million to the Grayscale ETF. This significant investment propelled Morgan Stanley into the top 20 list of Ark’s ETF investors and established it as the third-largest holder of GBTC ETF shares. These developments come on the heels of Morgan Stanley’s recent filing with the SEC, where it sought approval to incorporate spot Bitcoin ETFs into 12 of its investment funds.  In addition, the bank previously announced plans to allow 15,000 brokers to recommend spot Bitcoin ETF investments to their clients, making Morgan Stanley the first multinational investment bank to solicit client investments in spot Bitcoin ETFs actively. Institutional Giants’ Investments In The Bitcoin ETF Market This increased interest from Morgan Stanley, coupled with other institutional players, has the potential to revolutionize the cryptocurrency market and mark a new era of acceptance within traditional finance.  In one of the most significant investments in the ETF market in recent weeks, Millennium Management, a firm managing over $64 billion in assets, recently invested an unprecedented $2 billion in multiple Bitcoin ETFs. Furthermore, the Wisconsin Investment Board acquired $98.6 million worth of shares in BlackRock’s ETF. Bracebridge Capital, a Boston-based hedge fund, reported significant investments in Ark Invest’s ARKB ETF and BlackRock’s IBIT. In recent data from SoSo Value, Bitcoin spot ETFs experienced a net inflow of $303 million during Wednesday’s trading session, with Grayscale’s GBTC seeing…

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Filed under: News - @ May 17, 2024 10:26 am