United States funding banking agency Morgan Stanley revealed that as of June 30, it held roughly $188 million price of shares in BlackRock’s iShares Bitcoin Belief exchange-traded fund (ETF).
In an Aug. 14 submitting with the US Securities and Trade Fee (SEC), Morgan Stanley reported holding greater than 5.5 million shares of the iShares Bitcoin Belief (IBIT) within the second quarter of 2024, price $188 million. The agency additionally disclosed investments below $300 every in shares of a Valkyrie ETF Belief with publicity to Bitcoin (BTC) and Ether (ETH), the Constancy Smart Origin Bitcoin Fund (FBTC), Bitcoin Depot, Bitwise’s Bitcoin ETF, Invesco Galaxy Bitcoin ETF, and Proshares Bitcoin Technique ETF.
The Q2 2024 investments got here earlier than Morgan Stanley introduced it will allow its financial advisers to advocate Bitcoin ETFs to shoppers, explicitly highlighting IBIT and FBTC. In response to the discover, former SEC official John Reed Stark suggested the investment firm may topic its advisers to “what’s going to possible change into the biggest SEC and FINRA examination sweep in historical past.”
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Along with the BlackRock funding, Morgan Stanley stated it held roughly $148,000 price of shares in Grayscale’s Bitcoin Belief (GBTC) and $1.6 million within the Ark21Shares Bitcoin ETF. Funding agency Goldman Sachs reported publicity to greater than $238 million in shares of IBIT and different ETFs.
In Q1 2024 SEC filings, Millennium Administration revealed holding $2 billion worth of shares of 5 crypto ETFs. US state pension and retirement funds, together with the State of Wisconsin Funding Board and the State of Michigan Retirement System, have additionally invested in ETFs tied to cryptocurrency.
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