Wall Street Giant Morgan Stanley Bets Big On Bitcoin ETF: $272 Million Revealed 💰

On January 10, 2024, the US Securities and Exchange Commission approved the Bitcoin ETF applications of 11 funds, including major players like Fidelity, Grayscale, and Blackrock’s IBIT. This development triggered a surge in trading volumes as banks, funds, and individual traders flocked to get involved in the market.

Among the institutions increasing their stakes in Bitcoin ETFs is Morgan Stanley, a prominent Wall Street giant. Over the month following the approval, Morgan Stanley has steadily expanded its holdings in these ETFs, reaching a significant $272 million.

This move highlights the growing institutional interest in Bitcoin ETFs and the potential for larger financial institutions to drive further growth and legitimacy within the cryptocurrency market.