On January 10, 2024, the US SEC approved Bitcoin ETF applications from 11 funds, including Fidelity and Grayscale. Morgan Stanley, a $1.3 trillion asset manager, revealed $272 million in Bitcoin ETF holdings, signaling institutional adoption. The company diversified its holdings, owning 5.5 million shares of Blackrock's IBIT. While its Blackrock holdings increased by 10.2%, its Grayscale holdings decreased. Late to the Bitcoin ETF game, Morgan Stanley now holds significant assets. In August 2024, it allowed managers to offer Bitcoin ETFs to clients, potentially bringing in $130 billion. The SEC's approval of spot ETFs marked a milestone, showing Bitcoin's maturity in the financial market. Recent data indicates strong support for Bitcoin ETFs, with substantial inflows recorded. Morgan Stanley's strategic moves reflect a growing trend of institutional interest in Bitcoin investments. Read more AI-generated news on: https://app.chaingpt.org/news