Morgan Stanley’s BlackRock Bitcoin ETF holdings rise 23% in Q2
Morgan Stanley’s reported IBIT holdings rose to 16.5 million shares in Q2, while Ether ETF positions and several crypto-linked stocks also increased.
Morgan Stanley's crypto fund holdings saw a significant surge in the second quarter, with its BlackRock Bitcoin ETF (IBIT) positions increasing by a notable 23% to around 16.5 million shares. This marked a rise from 13.4 million shares in the previous quarter. Morgan Stanley also bolstered its Ether ETF positions, including iShares Ethereum Trust ETF (ETHA) and Grayscale Ethereum Staking Mini ETF (ETH), with positions more than doubling to 4.6 million and 5.1 million shares, respectively.
Additionally, the investment bank expanded its exposure to Grayscale Solana Staking ETF (GSOL) and Fidelity Solana Fund (FSOL), amassing approximately $4.25 million and $2.26 million in holdings. Morgan Stanley's investment in Circle Internet Group (CRCL), the company behind the USDC stablecoin, also saw a substantial increase, growing from about 1.46 million shares to 8.32 million shares.
However, not all crypto-related positions grew. Morgan Stanley reduced its Coinbase (COIN) shares by 550,000, decreased its CleanSpark (CLSK) position by more than 3.1 million shares, and completely exited a roughly 8 million-share Bitfarms (BITF) position.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
