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While Bitcoin was last traded around $65,500, it reached new monthly highs earlier in the day, surpassing the $66,750 level.

Morgan Stanley announced in its 13F filing on Wednesday that it has made a significant $270 million spot Bitcoin ETF investment. The leading US investment banking and asset management company began recommending spot Bitcoin ETFs to clients in February, stating its intention to invest in Bitcoin.

Morgan Stanley's announcement of its BTC holdings coincided with a period when many other institutional investors also announced their holdings. More than 500 asset managers appear to have invested in spot Bitcoin ETFs, according to 13F filings through Thursday.

With approximately $2 billion in assets, Millennium Management is currently the largest known asset owner. That's about 3% of the hedge fund's $64 billion AUM.

Bloomberg ETF analyst Eric Balchunas noted that Millennium is the current "king of ETF holders."

Balchunas stated that the new spot Bitcoin ETFs have approximately 200 times the number of owners of the average ETF, and added: “It is truly impressive that so many different types of institutions are represented in the first 13F.”

It is also worth noting that among the owners there is a state pension fund; The Wisconsin State Board of Investments announced that its fund now owns almost $100 million worth of spot BTC ETFs.

#BitcoinDunyamiz

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