Morgan Stanley, the multinational investment bank and financial services company, reported Wednesday its form 13F filing with the U.S. Securities and Exchange Commission and showed a significant position in BlackRock's spot Bitcoin exchange-traded fund.
As of June 30, Morgan Stanley disclosed it owned more than 5.5 million shares, or $187.79 million worth of the iShares Bitcoin Trust (ticker: IBIT). That would make the investment bank a top-five shareholder of the ETF.
The bank also disclosed it owned 26,222 shares of the ARK 21Shares Bitcoin ETF (ticker: ARKB) worth about $1.57 million, down slightly from the $2.3 million allocation it showed at the end of the first quarter.
Of note, Morgan Stanley's latest filing showed a position totaling around $148,000 in the Grayscale Bitcoin Trust (ticker: GBTC) — a near-total sell off from the $269.9 million position it showed in the previous quarter.
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13F filings are quarterly reports filed with the SEC by institutional investment managers with at least $100 million in equity assets under management. The filings provide a view of the manager's stock holdings at the end of each quarter, although they do not disclose any short positions.
IBIT is the largest spot Bitcoin ETF by market cap with $20 billion in assets under management. On Tuesday, fellow bank giant Goldman Sachs revealed it owns 6.9 million shares of the fund, worth $238.6 million.
In total, Morgan Stanley held about $190 million worth of spot Bitcoin ETFs as of the end of the second quarter.
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