New SEC Filing Reveals Morgan Stanley, a Prominent Wall Street Firm, Holds more than $269,000,000 in Spot Bitcoin ETFs

New SEC Filing Reveals Morgan Stanley, a Prominent Wall Street Firm, Holds more than $269,000,000 in Spot Bitcoin ETFs

Newly released documents have unveiled that Morgan Stanley, a prominent financial services company, is currently holding a substantial amount of Bitcoin exchange-traded funds (ETFs) in the spot market. Market insights firm Fintel has provided data revealing that the Wall Street giant recently disclosed its holdings to the regulatory agency. The disclosure shows that on May 15th, Morgan Stanley acquired 4.27 million shares of the Grayscale Bitcoin Trust (GBTC), which were valued at $269.8 million.

In their latest Securities and Exchange Commission (SEC) filings, Morgan Stanley disclosed a total of 7,816 holdings. The calculated value of their most recent portfolio is $1,246,178,634,816. The investment bank’s new positions include the Grayscale Bitcoin Trust.

Other influential players in the industry have also been active in the cryptocurrency space during the month of May. On May 2nd, BNB Paribas, the ninth-largest bank in the world based in France, purchased 1,030 shares of the iShares Bitcoin Trust (IBIT) for a total of $41,684.

A week later, Susquehanna, a global trading and tech giant, bought 17,271,326 shares of GBTC in three different batches, amounting to a total of $1.09 billion. The firm also acquired millions of shares of BTC ETFs created by BlackRock, VanEck, Fidelity, and ARK Invest.

In a Form 13F filing on May 10th, it was revealed that JPMorgan, a banking giant, holds approximately $760,000 in spot BTC ETFs on behalf of its clients. Similarly, Wells Fargo disclosed that it holds 2,245 shares of GBTC valued at $121,000 for its clients.

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