This revelation comes after the firm reported exposure to US Bitcoin spot exchange-traded funds (ETFs) for the second quarter running.
The investment in the BlackRock iShare Bitcoin Trust (IBIT) made up a large part of the funds, with Morgan Stanley owning 5.5 million shares purchased in the second quarter. This demonstrates that Morgan Stanley is one of the crypto-friendly asset managers in the US, and their exposure to Bitcoin ETFs reflects the institutional presence the products would attract to the crypto market.
One of the largest asset managers in the US, Morgan Stanley, has recently disclosed that it holds $272 million worth of Bitcoin investment vehicles, as of the end of the third quarter. The shares were worth $187.7 million at the time of purchase, but have since surged to $209 million, accounting for a 10.2% increment.
Morgan Stanley also disclosed that it held onto its investments in the Ark 21 Shares Bitcoin ETF (ARKB), but reduced its exposure to the Grayscale Bitcoin Trust (GBTC).
