Morgan Stanley Latest Bank to Disclose Spot Bitcoin ETF Holdings for Clients

Morgan Stanley was the owner of $269.9 million of Grayscale’s Bitcoin Trust (GBTC) as of March 31, a 13F filing showed.
Other banking giants, among them JPMorgan, Wells Fargo, and UBS, also disclosed holdings in the spot bitcoin exchange-traded funds during the first quarter.
It is important to note that these purchases don’t necessarily represent the banks’ views on the direction of bitcoin’s price, but instead were likely either made on behalf of the banks’ wealth management clients or necessary for market making and/or ETF authorized participant duties.
Morgan Stanley opened up spot bitcoin ETF allocations to its clients shortly after their approval in January, though only on an unsolicited basis, meaning that the client had to propose the investment to the broker.
Edited by Stephen Alpher.
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Helene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk’s Markets Daily show. Helene is a graduate of New York University’s business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
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