US-based financial services company and bank Morgan Stanley announced that it has a $190 million Bitcoin spot ETF under its management in a notification to the SEC. The bank holds IBIT, a fully BlackRock ETF, apart from the $1.5 million ARK Invest and $100 thousand Grayscale ETF.
Grayscale sold almost all of it
The bank thus became the 5th institution holding the most IBIT shares. The bank also seems to have sold almost all of its $270 million Grayscale ETF. Morgan Stanley has only $148 thousand of GBTC shares left.
As it is known, especially institutional investors in the USA are obliged to share their assets of at least $100 million with the SEC on a quarterly basis.
While it is noteworthy that many corporate firms and entities prefer IBIT, a BlackRock product among ETFs, the Wisconsin state pension fund announced in its notification to the SEC that it held IBIT shares but sold the Grayscale ETF.
It is also known that Morgan Stanley recently granted investment advisors, also known as ‘wire houses’, the right to recommend Bitcoin spot ETFs.
On Tuesday, it was revealed that Goldman Sachs had nearly $500 million in Bitcoin ETFs under its management.