Morgan Stanley recently disclosed a 2.1% investment in BlackRock's spot Bitcoin ETF, IBIT, as part of its Institutional Fund.
In a filing with the SEC dated September 4, the firm reported holding over $10 million in assets, which translates to roughly $211,000 invested in IBIT.
The same fund has also allocated 4% to shares of MicroStrategy, a company that maintains a substantial Bitcoin reserve of 226,500 BTC. Both of these investments rank among the top ten in the Institutional Fund’s portfolio.
Managed by Counterpoint Global, a division of Morgan Stanley, this fund focuses on long-term investments in companies with potential for significant market growth. The 2% allocation to IBIT indicates a positive outlook on Bitcoin’s future from the Counterpoint Global team.
Morgan Stanley, a major player in the asset management industry with over $1.5 trillion in assets reported in April, recently permitted its 15,000 advisors to suggest investments in US-traded Bitcoin ETFs, starting with IBIT and Fidelity’s FBTC.
In a subsequent SEC report, Morgan Stanley revealed it holds nearly $187 million in IBIT.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.