Morgan Stanley revealed a $269.9 million funding in spot Bitcoin ETFs by way of Grayscale’s GBTC in its first quarter 13F disclosure.
Based mostly on Fintel knowledge, the funding makes it one of many largest holders of GBTC, following Susquehanna Worldwide Group’s main $1.0 billion funding.
Morgan Stanley can also be one among many International Systemically Essential Banks (G-SIBs) which have disclosed investments in spot Bitcoin ETFs, alongside the Royal Financial institution of Canada, JP Morgan Chase, Wells Fargo, BNP Paribas, and UBS.
Different corporations make investments
Different corporations additionally disclosed investments in spot Bitcoin ETFs. On Might 14, New York advisory agency Pine Ridge Advisers disclosed a $205.8 million funding in spot Bitcoin ETFs, comprising $83.2 million of BlackRock’s IBIT, $93.4 million of Constancy’s FBTC, and $29.3 million of Bitwise’s BITB.
New York-based hedge fund supervisor Boothbay Fund Administration disclosed $377 million publicity to identify Bitcoin ETFs, comprised of $149.8 million in IBIT, $105.5 million in FBTC, $69.5 million in GBTC, and $52.3 million in BITB.
Moreover, various asset supervisor Aristeia Capital Llc disclosed $163.4 million in IBIT on Might 15, whereas Connecticut-based funding agency Graham Capital Administration disclosed $98.8 million in IBIT and $3.8 million in FBTC and hedge fund supervisor Crcm Lp disclosed $96.6 million in IBIT.
New York funding supervisor Fortress Funding Group LLC disclosed $53.6 million in IBIT.
First quarter of BTC ETFs
The newest filings come on the deadline for first-quarter 13F reviews, marking the top of the primary quarter that buyers might buy most spot Bitcoin ETFs.
Bitwise CIO Matt Hougan commented on the current wave of filings, estimating that over 700 skilled corporations would have invested practically $5 billion by the Might 15 deadline.
Hougan referred to as the pattern a “historic scale {of professional} investor possession” solely beforehand seen with the launch of gold ETFs in 2004 — thought-about probably the most profitable ETF launch on the time.
Nonetheless, regardless of the inflow of institutional cash, Hougan mentioned that retail investments stay the most important chunk of the cash invested in spot Bitcoin ETFs, which collectively have about $50 billion in AUM as of press time.
