In the most recent US SEC filing, Morgan Stanley discloses its initial holdings in Ark Bitcoin ETFs (ARKB) and Grayscale Bitcoin Trust (GBTC).
Morgan Stanley has unveiled its initial investments in Grayscale Bitcoin ETF (GBTC) and ARK 21Shares Bitcoin ETF (ARKB).
These disclosures follow the investment bank’s recent announcement of substantial holdings in BlackRock iShares Bitcoin ETF (IBIT) to the U.S. Securities and Exchange Commission (SEC) this week.
Morgan Stanley Holds Investments in Grayscale, Ark21Shares ETFs
In recent 13F-HR/A filings with the U.S. SEC, Morgan Stanley reported its holdings for the quarters ending December 31, 2023, and March 31, 2024.
These new filings were an update to a previous 13F submitted earlier this week.
Previously, the bank held shares in Valkyrie Bitcoin and Ether Strategy ETF and ProShares Bitcoin Strategy ETF (BITO) until last year but had not significantly invested in Bitcoin ETFs.
However, following the launch of spot ETFs in January, according to the latest SEC filing, Morgan Stanley invested in Grayscale Bitcoin Trust (GBTC), ARK 21Shares Bitcoin ETF, and BITO.
As of March 31, the Wall Street giant held approximately $270 million in GBTC and $2.25 million in ARKB shares.
CoinGape reported that the company also held 5.5 million shares of BlackRock’s iShares Bitcoin Trust, valued at $190 million.
This disclosure followed Goldman Sachs revealing holdings of about 7 million iShares Bitcoin Trust shares and 1.5 million Fidelity FBTC shares.
Currently, Morgan Stanley has 2,780 shares of Grayscale Bitcoin Trust valued at $148,000 and 26,222 shares of ARK 21Shares Bitcoin ETF worth $1.57 million.
The company has decreased its investments in other BTC ETFs in Q2.
Bitcoin Price To Rally With Bitcoin ETF Inflows
Recent Bitcoin ETF inflows suggest a potential shift towards positive sentiment.
On Friday, BlackRock, Fidelity, Bitwise, ARK 21Shares, and Invesco Galaxy reported inflows in spot BTC ETFs, while Grayscale continues to experience outflows.
Experts predict that cash flow into U.S. exchange-traded funds may increase in a few weeks, potentially driving BTC price recovery.
Analysts like Michael van de Poppe forecast 1-2 weeks of subdued price action before a significant upward surge.
In the past 24 hours, BTC price increased by 2% and is currently trading at $59,362, with a low of $57,690 and a high of $59,847.
However, trading volume has dropped by 37% in the last 24 hours, reflecting a decrease in trader interest, with market sentiment at an extreme fear level of 25 today.
