Morgan Stanley Discloses $270 Million Bitcoin ETF Investments

The post Morgan Stanley Discloses $270 Million Bitcoin ETF Investments appeared first on Coinpedia Fintech News

According to a recent SEC filing, Morgan Stanley has disclosed $270 million in Bitcoin ETF investments. The bank holds 31,712 shares in Ark Invest’s 21Shares ETF (ARKB) and $269 million in Grayscale Bitcoin Trust (GBTC), making it the third-largest holder of GBTC. This move follows the approval for Morgan Stanley to incorporate spot Bitcoin ETFs into 12 investment funds and plans to enable 15,000 brokers to recommend these ETFs. This major institutional investment highlights the growing acceptance of Bitcoin in traditional finance.