Morgan Stanley, the Wall Street investment banking giant, has recently disclosed that it has entered the Bitcoin spot ETF market by investing $269.9 million in Grayscale’s GBTC, becoming one of the largest holders of GBTC.
In the first quarter of this year, Morgan Stanley submitted a 13F filing to the SEC, revealing its investment of $269.9 million in Grayscale’s GBTC. According to Fintel data, this makes Morgan Stanley one of the largest holders of GBTC, second only to Susquehanna International Group’s $1 billion investment.
The 13F report is considered an important channel for obtaining investment trends on Wall Street. According to SEC regulations, institutional investors with stock assets exceeding $100 million are required to disclose their current positions within 45 days after the end of each quarter and provide information about the destination of the funds.
Morgan Stanley has become one of the globally systemically important banks (G-SIBs) that have disclosed investments in Bitcoin spot ETFs. Other banks include Royal Bank of Canada, JPMorgan Chase, Wells Fargo, BNP Paribas, and UBS Group.
Several institutions have disclosed their investment amounts. Pine Ridge Advisers, a New York advisory firm, disclosed its $205.8 million investment, including $83.2 million in BlackRock’s IBIT, $93.4 million in Fidelity’s FBTC, and $29.3 million in Bitwise’s BITB.
Boothbay Fund Management, a New York-based hedge fund management company, disclosed its $377 million exposure to Bitcoin spot ETFs, including $149.8 million in IBIT, $105.5 million in FBTC, $69.5 million in GBTC, and $52.3 million in BITB.
Aristeia Capital Llc, an alternative asset management company, disclosed its $163.4 million investment in IBIT. Graham Capital Management, an investment firm based in Connecticut, disclosed its $98.8 million investment in IBIT and $3.8 million in FBTC. Crcm Lp, a hedge fund management company, disclosed its $96.6 million investment in IBIT.
Crcm Lp also disclosed its $96.6 million investment in IBIT, while Fortress Investment Group LLC, a New York investment management company, disclosed its $53.6 million investment in IBIT.
Is this just an appetizer?
Previously, Matt Hougan, the Chief Investment Officer of Bitwise, predicted that after the May 15 deadline for the US 13F report, more than 700 institutions may disclose their positions in Bitcoin spot ETFs, with a total capital size of $5 billion.
Matt Hougan stated that although the gold ETF launched in 2004 is considered the most successful ETF in history, raising $1 billion within the first five days and having 95 institutions report their holdings in the first 13F report, the current size of Bitcoin spot ETFs has already surpassed the achievements of the gold ETF at its launch.
Sosovalue data shows that the total assets under management of all Bitcoin spot ETFs have reached $55 billion, with a total inflow of $12.15 billion.