š„Wall Street giant Morgan Stanley bets big on Bitcoin ETF, with an investment valuation of up to $272 million!
Morgan Stanley, a big player on Wall Street, has recently made a big bet on Bitcoin ETF! Their Bitcoin ETF investment valuation exceeds $272 million. And they have also diversified their funds into different ETF products, including BlackRock's iShare Bitcoin Trust (IBIT) and Ark 21 Shares.
Morgan Stanley's management revealed that they now hold 5.5 million shares of BTC ETF, which were purchased in the second quarter. At the time, these holdings in BlackRock were worth $187.7 million, but have now grown to $209 million, an increase of 10.2% in value.
In addition, Morgan Stanley also revealed that they hold a large number of Ark 21 Shares shares, but have reduced their holdings in Grayscale. Initially, Morgan Stanley announced that it held $270 million worth of shares, but now that number has been reduced to $148,000.
Morgan Stanley has always been friendly to cryptocurrencies, and they even recommend Bitcoin ETFs as an investment option to their wealthy clients. At the same time, according to the current volume, if they invest 1% of their assets in Bitcoin ETFs, they will create $130 billion in capital inflows!
On the other hand, the craze for Bitcoin ETFs continues, and the market's enthusiasm for them remains unabated. On Friday, the net inflow of US Bitcoin ETFs exceeded $470 million, with IBIT and ARKB's inflows on the day being particularly eye-catching. Moreover, Bitcoin ETFs have achieved a net inflow of $2.4 billion for six consecutive days, and the market's enthusiasm has remained high!
In short, Morgan Stanley's significant investment in Bitcoin ETFs is not only a reflection of its confidence in this emerging asset class, but also an affirmation of the potential of the entire cryptocurrency market. At the same time, by adopting a diversified investment strategy, Morgan Stanley not only effectively reduces investment risks, but also seeks better returns. This strategic layout will undoubtedly have a far-reaching impact on the market and provide important reference and inspiration for other investors.
š¤ Finally, what do you think of Morgan Stanley's investment in Bitcoin ETFs? Would you consider investing in a Bitcoin ETF? Why?
