The major U.S. bank Morgan Stanley announced a $272 million investment in Bitcoin exchange-traded funds (ETFs).
The major U.S. bank Morgan Stanley announced a $272 million investment in Bitcoin exchange-traded funds (ETFs). This investment accounts for only 2% of the bank’s total assets under management. Most of the funds are allocated to BlackRock’s iShares Bitcoin Trust, where Morgan Stanley holds 5.5 million shares. Additionally, in August 2024, the bank allowed its managers to offer Bitcoin ETFs to wealthy clients, indicating an increasing institutional interest in cryptocurrency markets.
Source: bitcoinist.com
