Morgan Stanley And Its Crypto-Friendly Strategy
- Susan SarandonOriginal
- 2024-10-20 15:48:151130browse
Morgan Stanley is one of the top asset managers with a Bitcoin and crypto-friendly strategy. Although the company was late in investing in Bitcoin ETFs
Morgan Stanley now has $272 million in Bitcoin ETF holdings, a sign of institutional adoption. As more major players buy into Bitcoin, it’s creating a snowball effect. But what does this mean for the future of crypto? Let's break it down!
Morgan Stanley’s BTC holdings are spread across Blackrock, Ark21, and Grayscale funds.
The holdings were بخشی از a strategy that saw the asset manager slowly integrate crypto into its investment products.
In August, the company permitted its advisors to offer Bitcoin ETFs as an option for wealthy clients.
With $1.3 trillion in assets, even a 1% allocation to Bitcoin ETFs would create an inflow of $130 billion.
The SEC’s approval of spot ETFs saw Bitcoin become a more mature asset, becoming an integral part of the financial market.
Despite the recent market downturn, Bitcoin ETFs continue to push forward with impressive net flows in the last four days.
Funds bought over $470 million worth of BTC yesterday, an improvement from Wednesday’s inflow. Again, IBIT leads the game with an inflow of $309 million. Also, ARKB notched an impressive day with a $100.2 million inflow. GBTC was also positive, getting $45.7 million yesterday.
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