Morgan Stanley Buys Bitcoin as Institutional Demand Heats Up
Morgan Stanley's investment arm has been buying Bitcoin for three consecutive days, marking an uptick in institutional demand. According to various sources, Morgan Stanley Investment Management purchased BTC on July 27, 28, and 29. This trend suggests a growing interest from Wall Street giants in the digital asset market.
The Clarity Act, a legislative proposal aimed at providing clearer crypto regulation, has garnered support from several wealth management firms, including BlackRock, Fidelity, and Goldman Sachs. However, The Wall Street Journal Editorial Board has expressed concerns about the bill's current form, calling for major revisions before its passage in Congress.
In related news, Circle, a digital asset company, reported mixed results for Q2 2026, with revenue falling short of analyst estimates at $701 million. Meanwhile, Grayscale highlighted the potential of onchain investment vehicles, which have accumulated over $7.26 billion in total value locked as of late July.