Skip to content

Institutional Crypto Adoption Ramps Up as Morgan Stanley Invests Over $270M in Bitcoin ETFs

Morgan Stanley, Millennium Management, Bracebridge Capital, Elliot Capital, and even the state of Wisconsin have invested in Bitcoin ETFs

Table of Contents

Morgan Stanley is the latest to reveal holdings in Bitcoin ETFs amounting to over $270 million.

The American multinational investment bank disclosed its exposure in recent filings with the SEC in Grayscale Bitcoin Trust (GBTC) and ARK 21Shares Bitcoin ETF (ARKB).

According to Fintel, Morgan Stanley holds 31,712 shares in ARKB and $269 million in GBTC. Its holdings place the bank in Ark's top 20 ETF investors and the third largest holder of GBTC.

Wells Fargo Reveals Bitcoin ETF Exposure But its Holdings Are Tiny
Wells Fargo’s holdings in Grayscale’s GBTC, ProShares Bitcoin Strategy futures ETF, and Bitcoin Depot Inc only amount to $143,111

Two weeks ago, Morgan Stanley filed with the SEC for approval to incorporate Bitcoin ETFs into its investment funds.

Other institutional giants investing in Bitcoin ETFs over recent weeks include Millennium Management which injected $2 billion in multiple Bitcoin ETFs. Bracebridge Capital also reported owning $262 million of ARKB and took the crown of the largest holder of Blackrock’s IBIT with an investment of $81 million.

Hong Kong Crypto ETFs Erase Two Weeks’ Inflows in One Day
$32.7 million was wiped out of the Hong Kong crypto ETF market on Monday

Even the state of Wisconsin purchased $163 million worth of Bitcoin in Q1. The Wisconsin Investment Board purchased over 1,000,000 shares of GBTC for a total value of $63.7 million and 2.5 million shares of IBIT for a total value of $99.2 million.

Elliot Capital disclosed a $12 million stake in IBIT and Apollo Management Holdings revealed a $53.2 million stake in ARKB.