Newly released documents have unveiled that Morgan Stanley, a major financial services company, is currently holding a substantial amount of spot market Bitcoin (BTC) exchange-traded funds (ETFs), valued at hundreds of millions of dollars.

Market insights firm Fintel has provided data showing that Morgan Stanley recently disclosed its holdings to the regulatory agency, revealing that on May 15th, it acquired 4.27 million shares of the Grayscale Bitcoin Trust (GBTC) with a total worth of $269.8 million.

The disclosure from Morgan Stanley’s latest Securities and Exchange Commission (SEC) filings indicates that the company has a total of 7,816 holdings. The most recent estimation of the portfolio’s value stands at $1,246,178,634,816. Among these new positions is the Grayscale Bitcoin Trust.

In addition to Morgan Stanley, other major players in the financial industry have also been active in the cryptocurrency space during May. On May 2nd, BNB Paribas, the ninth-largest bank in the world based in France, purchased 1,030 shares of the iShares Bitcoin Trust (IBIT) for a total of $41,684.

A week later, Susquehanna, a global trading and technology giant, acquired 17,271,326 shares of GBTC in three separate transactions, totaling $1.09 billion. The company also purchased millions of shares in other BTC ETFs created by BlackRock, VanEck, Fidelity, and ARK Invest.

On May 10th, JPMorgan, a banking giant, revealed in a Form 13F filing that it is holding approximately $760,000 in spot BTC ETFs on behalf of its clients. Similarly, Wells Fargo disclosed that it is holding 2,245 shares of GBTC valued at $121,000 for its clients.

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Disclaimer: The opinions expressed in this article are not investment advice. Investors should conduct their own thorough research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please be aware that your transfers and trades are done at your own risk, and you are responsible for any losses you may incur. The Daily Hodl does not endorse or recommend the buying or selling of any cryptocurrencies or digital assets, nor is it an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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