Morgan Stanley Reveals $188M Holding in BlackRock’s Bitcoin ETF

Morgan Stanley, a significant U.S. funding financial institution, disclosed holding roughly $188 million in shares of BlackRock’s iShares Bitcoin Belief ETF as of June 30.

The financial institution additionally reported smaller investments in different crypto-related funds, together with Valkyrie’s ETF Belief, Constancy’s Sensible Origin Bitcoin Fund, Bitcoin Depot, Bitwise’s Bitcoin ETF, Invesco Galaxy Bitcoin ETF, and ProShares Bitcoin Technique ETF. These holdings have been made earlier than Morgan Stanley introduced that its advisors may advocate Bitcoin ETFs to purchasers, particularly highlighting IBIT and FBTC.

Apart from the BlackRock funding, Morgan Stanley held round $148,000 in Grayscale’s Bitcoin Belief and $1.6 million within the Ark21Shares Bitcoin ETF. Goldman Sachs additionally reported publicity to over $238 million in IBIT and different ETFs.

Earlier filings revealed Millennium Administration had $2 billion in 5 crypto ETFs, whereas state pension and retirement funds from Wisconsin and Michigan have invested in cryptocurrency-linked ETFs.

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