Morgan Stanley, as one of the leading financial institutions in the United States, announced the amount of Bitcoin ETF shares it holds in its quarterly report submitted to the Securities and Exchange Commission (SEC). According to official documents, it was revealed that Morgan Stanley invested $270 million in spot BTC funds.
According to data from market tracker Fintel, the investment bank only included Grayscale Bitcoin Trust (GBTC) in its portfolio. With this move, Morgan Stanley became the second largest shareholder of the fund in question.
The only organization that made the largest investment in the GBTC fund was Susquehanna International Group with $1 billion.
Institutional investors are showing increasing interest in Bitcoin. The US investment bank's investment in Bitcoin ETFs is not a first for the financial world. It is known that industry giants JPMorgan Chase, Wells Fargo, BNP Paribas, Royal Bank of Canada and UBS also have shares in BTC funds.
In addition to banks, hedge funds also include spot Bitcoin ETFs in their portfolios. New York-based hedge fund manager Boothbay Fund Management had invested a total of $377 million. Boothbay announced in its statement that it purchased IBIT worth $150 million, FBTC worth $105.5 million, GBTC worth $69.5 million and BITB worth $52.3 million.
In his analysis, Bitwise CEO Matt Hougan estimated that institutional investors have recently invested a total of $ 5 billion in Bitcoin ETFs. According to Hougan, the main investor group in crypto funds still consists of individual investors.
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So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
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My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
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WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
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