Morgan Stanley just disclosed holding $188 million in BlackRock’s iShares Bitcoin Trust ETF as of June 30. 📈

- MS’s August 14 SEC filing shows it owns more than 5.5 million shares of IBIT, along with smaller investments in the Valkyrie ETF, Fidelity Wise Origin Bitcoin Fund, Bitcoin Depot, Bitwise, Invesco Galaxy Bitcoin ETF, and Proshares Bitcoin Strategy ETF.

- MS previously allowed financial advisors to recommend Bitcoin ETFs to clients, notably IBIT and FBTC.

- Former SEC official John Reed Stark predicts this could lead to the biggest SEC and FINRA audit yet.

- MS also holds $148,000 in Grayscale’s Bitcoin Trust and $1.6 million in the Ark21Shares Bitcoin ETF.

- Goldman Sachs also reported owning more than $238 million in IBIT and other ETFs.

- Millennium Management Reveals $2 Billion in 5 Crypto ETFs in Q1 2024. Wisconsin and Michigan State Pension Funds Also Invest in Crypto ETFs.

What do you think about this trend? Comment now! 💬#Crypto#Bitcoin#ETF#Blockchain#Finance#Tech