Newly released documents have uncovered that financial services giant Morgan Stanley is currently holding a substantial amount of Bitcoin exchange-traded funds (ETFs) on the spot market. The data, provided by market insights firm Fintel, shows that Morgan Stanley disclosed its holdings to the regulatory agency, revealing that on May 15th, the company purchased 4.27 million shares of the Grayscale Bitcoin Trust (GBTC), which were valued at $269.8 million.

According to the latest SEC filings, Morgan Stanley has a total of 7,816 holdings, with a portfolio value of $1,246,178,634,816. Among these holdings are the shares of the Grayscale Bitcoin Trust. It seems that other major players in the industry have also been active in the cryptocurrency space during the month of May. On May 2nd, BNB Paribas, the ninth-largest bank in the world based in France, acquired 1,030 shares of the iShares Bitcoin Trust (IBIT) for a total of $41,684.

A week later, Susquehanna, a global trading and tech giant, purchased 17,271,326 shares of GBTC in three separate transactions, totaling $1.09 billion. The firm also invested in millions of shares of other BTC ETFs created by BlackRock, VanEck, Fidelity, and ARK Invest. On May 10th, JPMorgan, a banking giant, revealed in a Form 13F filing that it is holding approximately $760,000 in spot BTC ETFs on behalf of its clients. Similarly, Wells Fargo disclosed that it holds 2,245 shares of GBTC, valued at $121,000, for its clients.

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