Morgan Stanley (NYSE:MS) disclosed a significant stake in Grayscale’s Bitcoin Trust, totaling $270 million as of March 31, according to a recent 13F filing.
This investment, along with similar disclosures from big banks like JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC), and UBS (NYSE:UBS), highlights the growing institutional interest in cryptocurrencies among wealth management clients. do.
It is worth noting that these holdings likely represent investments made on behalf of customers, rather than direct bets on Bitcoin by the bank itself.
Following approval of a spot Bitcoin exchange-traded fund in January, Morgan Stanley began offering allocations to clients, albeit in an unsolicited manner. This reflects the cautious approach financial institutions are taking towards cryptocurrency investments, meaning that clients should suggest investments to their brokers.
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