Morgan Stanley discloses its initial holdings in
#GRAYSCALE Bitcoin Trust (GBTC) and Ark Bitcoin ETFs (ARKB) in the latest US SEC filing.
Financial giant
#Morgan Stanley has finally revealed its initial holdings in Grayscale Bitcoin ETF (GBTC) and ARK 21Shares Bitcoin ETF (ARKB). The filings came after the investment bank disclosed massive holdings in BlackRock iShares Bitcoin ETF (IBIT) to the U.S. Securities and Exchange Commission (SEC) this week.
Morgan Stanley Holds Investments in Grayscale, Ark21Shares ETFs
In two new 13F-HR/A filings with the U.S. SEC, Morgan Stanley disclosed its holdings for the quarter that ended Dec 31, 2023 and March 31, 2024. The latest filings were part of a previous 13F filed earlier this week.
The investment bank held Valkyrie Bitcoin and Ether Strategy ETF and ProShares Bitcoin Strategy ETF (BITO) shares until last year. The company was not into pouring huge investments in Bitcoin ETFs.
However, after the launch of spot ETFs in January, Morgan Stanley made investments in Grayscale Bitcoin Trust (GBTC), Ark21Shares Bitcoin ETF, and BITO, as per the latest filing with the SEC. The Wall Street giant held GBTC worth nearly 270 million and ARKB shares worth 2.25 million until March 31.
Currently, Morgan Stanley also has 2,780 Grayscale Bitcoin Trust shares worth 148K, 26,222 shares worth $1.57 million in Ark 21Shares Bitcoin ETF. The company has reduced its holdings in other BTC ETFs in Q2.
Bitcoin Price To Rally With Bitcoin ETF Inflows
Bitcoin ETF inflows in the last two days hint at signs of reversal in positive sentiment. BlackRock, Fidelity, Bitwise, Ark 21Shares, and Invesco Galaxy reported inflows in spot BTC ETFs on Friday. However, Grayscale continues to show outflows.
Experts anticipate cash flow into exchange-traded funds in the United States after a few weeks. Institutional investors such as Morgan Stanley can fuel BTC price recovery. Popular analysts such as Michael van de Poppe also predicted 1-2 weeks of weak price action before âweâre going to be surging back upwards.
Experts anticipate cash flow into exchange-traded funds in the United States after a few weeks. Institutional investors such as Morgan Stanley can fuel BTC price recovery. Popular analysts such as Michael van de Poppe also predicted 1-2 weeks of weak price action before âweâre going to be surging back upwards.â
BTC price jumped 2% in the past 24 hours, with the price currently trading at $59,362. The 24-hour low and high are $57,690 and $59,847, respectively. Furthermore, the trading volume has decreased by 37% in the last 24 hours, indicating a decline in interest among traders due to market sentiment deteriorating to 25 (extreme fear) today.
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