Morgan Stanley spent $270 million buying Bitcoin spot ETFs in the first quarter! Becoming the second largest holder of Grayscale GBTC

This site (120bTC.coM): Morgan Stanley disclosed in the 13F filing submitted to the SEC in the first quarter of this year that it has invested 269.9 million in Grayscale GBTC Dollar. This makes Morgan Stanley one of the largest holders of GBTC, behind Susquehanna International Group’s $1 billion investment, according to Fintel data.

13F report is considered an important channel to obtain Wall Street investment trends. According to U.S. SEC regulations, equity asset institutions with stock assets under management exceeding US$100 million are required to disclose their current positions within 45 days after the end of each quarter (three months) and provide the whereabouts of relevant funds.

CryptoSlate reported that Morgan Stanley became one of many global systemically important banks (G-SIBs) to disclose their investments in Bitcoin spot ETFs. Other banks include Royal Bank of Canada, JPMorgan Chase, Wells Fargo, BNP Paribas and UBS.

Many institutions disclosed investment amounts

Other companies also disclosed the amount of investment in Bitcoin spot ETFs before the first quarter 13F filing deadline. New York consulting firm Pine Ridge Advisers disclosed its 2.058 Investments of US$100 million include US$83.2 million in BlackRock's IBIT, US$93.4 million in Fidelity's FBTC, and US$29.3 million in Bitwise's BITB.

Boothbay Fund Management, a New York-based hedge fund management company, disclosed on the 15th that it had US$377 million in Bitcoin spot ETF exposure, including US$149.8 million invested in IBIT and US$105.5 million invested in FBTC. Invested US$69.5 million in GBTC and US$52.3 million in BITB.

Alternative asset management company Aristeia Capital Llc disclosed on the 15th that it had invested US$163.4 million in IBIT. Graham Capital Management, an investment company headquartered in Connecticut, disclosed that it had invested US$98.8 million in IBIT and FBTC. US$3.8 million, and hedge fund management firm Crcm Lp disclosed that it had invested US$96.6 million in IBIT.

Hedge fund manager Crcm Lp disclosed its $96.6 million investment in IBIT, and New York investment management firm Fortress Investment Group LLC disclosed its $53.6 million investment in IBIT.

Just an appetizer?

Previously, Bitwise Chief Investment Officer Matt Hougan had predicted that after the U.S. 13F reporting deadline on May 15, more than 700 institutions may disclose their Bitcoin spot ETF positions, with the total fund size reaching 50 One hundred million U.S. dollars.

Matt Hougan said that although the gold ETF launched in 2004 is considered the most successful ETF in history, it raised US$1 billion in funds in the first 5 days of launch, and had 13F in its first 13F report. 95 institutions have declared positions, but the current scale of the Bitcoin spot ETF has exceeded the achievements of the gold ETF when it was launched.

Sosovalue data shows that the current asset management scale of all Bitcoin spot ETFs has reached US$55 billion, with total capital inflows of US$12.15 billion.

The above is the detailed content of Morgan Stanley spent $270 million buying Bitcoin spot ETFs in the first quarter! Becoming the second largest holder of Grayscale GBTC. For more information, please follow other related articles on the PHP Chinese website!