Morgan Stanley Bitcoin ETF Holdings Reached $272 Million

Key Points:

• Morgan Stanley Bitcoin ETF holdings have reached $272.1 million, representing 0.02% of its $1.2 trillion in assets.
• Institutional interest in Bitcoin is growing, with Morgan Stanley advising CIOs to explore Bitcoin mining stocks as part of energy infrastructure investments.

Wall Street bank Morgan Stanley Bitcoin ETF holdings have accumulated a total of $272.1 million.

Read more: Former Morgan Stanley CEO John Mack Has Confirmed That He Still Owns Bitcoin

Morgan Stanley Bitcoin ETF Holdings Hit $272 Million

It is over two months since the investment giant began offering its clients indirect exposure to Bitcoin through the use of ETFs. Currently, Morgan Stanley Bitcoin ETF holdings make up 0.02% of the firm’s overall $1.2 trillion assets under management.

In August, Morgan Stanley allowed thousands of its financial advisers to offer eligible clients the chance to buy spot Bitcoin ETFs. That came after the SEC approved spot Bitcoin ETFs this year. The decision from the regulator sent financial institutions scrambling to take advantage of surging demand for cryptocurrency investments, with inflows into Bitcoin ETFs coming in stronger than expected.

The firm’s global head of research recently said that Bitcoin mining stocks are a fresh avenue for CIO investments. In fact, such investments could unlock long-term growth trends related to emerging developments in everything from natural gas-fired plants to nuclear power.

JPMorgan Predicts Cryptocurrency Surge by 2025

Meanwhile, JPMorgan is still optimistic about the future of cryptocurrency and projects robust growth for Bitcoin and stablecoins by 2025. The bank says this view is based on regulatory changes and geopolitical factors.

Analysts have also made bets that if Donald Trump gets re-elected as U.S. president, Bitcoin will continue to surge as investors flock to digital assets on fears of currency debasement.