Morgan Stanley Dives Deeper into Crypto with Record-Breaking Investments
Morgan Stanley has significantly increased its position in Circle and expanded its investments in the cryptocurrency sector. According to a recent 13F filing, Morgan Stanley increased its holdings of Circle (CRCL) shares from approximately 1.46 million to 8.32 million as of June 30.
The bank also expanded its positions in Bitcoin and Ethereum spot ETFs during the same period. Morgan Stanley's BlackRock iShares Bitcoin Trust (IBIT) position increased by about 23% to approximately 16.5 million shares, representing a market value decrease of around 18%, from $667 million to $549 million due to the decline in Bitcoin price.
The bank also turned its attention to Solana investment products, opening new positions in the Grayscale Solana Staking ETF and the Fidelity Solana Fund, with these investments valued at approximately $4.25 million and $2.26 million, respectively.