Morgan Stanley Invests $188 Million in Bitcoin ETF 🤑
#Morgan Stanley disclosed to the SEC that it held over 5.5 million shares of BlackRock's iShares Bitcoin Trust (IBIT), valued at approximately $188 million, in Q2 2024.
The firm also reported smaller investments in other Bitcoin-related #ETFs , including those from Valkyrie, Fidelity, Bitwise, and others. This disclosure came before Morgan Stanley announced plans to allow its financial advisers to recommend Bitcoin ETFs to clients.
In addition, Morgan Stanley reported holding $148,000 in #Grayscale ’s Bitcoin Trust and $1.6 million in the Ark21Shares Bitcoin ETF. Other major investment firms like Goldman Sachs and Millennium Management also reported significant investments in crypto ETFs during the same period.
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