Bitcoin

Bitcoin ETF (BTC) Holdings Disclosed by Morgan Stanley

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6 months ago

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Morgan Stanley owned $269.9 million in Grayscale’s Bitcoin Trust (GBTC) as of March 31, a 13F Filing showed.

Other banking giants, including JPMorgan, Wells Fargo and UBS, also disclosed holdings in spot bitcoin exchange-traded funds during the first quarter.

It is important to note that these purchases do not necessarily represent the banks’ opinion on the direction of bitcoin’s price, but instead were likely made on behalf of the banks’ wealth management clients or necessary for market making and/or authorized market participant. ETF. obligations.

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