ETFs
Morgan Stanley Reveals $270 Million Investment in Bitcoin ETFs, Making It Top GBTC Holder
Morgan Stanley revealed a $269.9 million investment in spot Bitcoin ETFs through Grayscale’s GBTC in its first quarter 13F disclosure.
According to Fintel data, this investment makes it one of the largest holders of GBTC, after the main investment of $1.0 billion from Susquehanna International Group.
Morgan Stanley is also one of several Global Systemically Important Banks (G-SIBs) that have disclosed investments in spot Bitcoin ETFs, alongside Royal Bank of Canada, JP Morgan Chase, Wells Fargo, BNP ParibasAnd UBS.
Other companies are investing
Other companies have also disclosed investments in spot Bitcoin ETFs. On May 14, New York-based consulting firm Pine Ridge Advisers disclosed a $205.8 million investment in spot Bitcoin ETFs, comprising $83.2 million of BlackRock’s IBIT, $93.4 million of Fidelity IBIT dollars. FBTCand $29.3 million from Bitwise BITB.
New York-based hedge fund manager Boothbay Fund Management disclosed $377 million in exposure to spot Bitcoin ETFs, including $149.8 million in IBIT, $105.5 million in FBTC, 69, $5 million in GBTC and $52.3 million in BITB.
Additionally, alternative asset manager Aristeia Capital Llc disclosed an IBIT of $163.4 million on May 15, while Connecticut-based investment firm Graham Capital Management disclosed an IBIT of $98.8 million of dollars and an FBTC of $3.8 million and hedge fund manager Crcm Lp disclosed an IBIT of $96.6 million.
New York investment manager Fortress Investment Group LLC disclosed IBIT of $53.6 million.
First quarter of BTC ETFs
The latest filings come on the deadline for Q1 13F reports, marking the end of the first quarter in which investors could purchase most Bitcoin ETFs in cash.
Matt Hougan, CIO of Bitwise commented on the recent wave of filings, estimating that more than 700 professional firms would have invested nearly $5 billion before the May 15 deadline.
Hougan called this trend a “historic scale of professional investor ownership,” previously seen with the launch of gold ETFs in 2004 – considered the most successful ETF launch at the time.
However, despite the influx of institutional money, Hougan said retail investments remain the largest share of money invested in spot Bitcoin ETFs, which collectively hold about $50 billion in assets under management at the moment. time of publication.