Morgan Stanley Boosts Crypto Holdings Across Multiple Funds

Morgan Stanley's reported holdings in BlackRock's iShares Bitcoin Trust ETF (IBIT) increased by 23% to around 16.5 million shares from 13.4 million, according to its Q2 13F filing with the US Securities and Exchange Commission.

The value of these shares fell about 18% to $549 million from $667 million due to Bitcoin's price decline during the quarter.

Morgan Stanley also increased its holdings in several smaller Bitcoin ETF positions, including Grayscale Bitcoin Mini Trust ETF ($BTC) and Bitwise Bitcoin ETF (BITB), as well as its Fidelity Wise Origin Bitcoin Fund (FBTC) holding, which rose nearly 38%.

The investment bank added exposure to Ethereum with a 202% increase in iShares Ethereum Trust ETF (ETHA) to 4.6 million shares and a 26% rise in Grayscale Ethereum Staking Mini ETF ($ETH) to 5.1 million shares.