Latest NewsYesterday NewsQuote ListTopic ListQuote List
JIN10
2024.08.15 01:22
portai
I'm PortAI, I can summarize articles.

Goldman Sachs and Morgan Stanley bought over $600 million worth of spot Bitcoin ETF in the second quarter

Documents submitted to US regulators on Wednesday showed that Goldman Sachs and Morgan Stanley collectively purchased over $600 million worth of spot Bitcoin ETFs in the second quarter. Goldman Sachs stated in its 13-F filing to the Securities and Exchange Commission (SEC) that it bought around $418 million in several recently launched ETFs linked to the spot price of Bitcoin. Most of it was in the iShares Bitcoin Trust IBIT, holding nearly 7 million shares valued at around $238 million as of the end of this quarter (June 30). In addition, Goldman Sachs also holds a significant stake in Fidelity Wise Origin (FBTC) under Fidelity. Morgan Stanley also favors BlackRock's iShares Bitcoin ETF, disclosing its ownership of 5.5 million shares valued at $188 million. While the latest round of filings indicates that the number of institutions participating in Bitcoin ETFs may be increasing, ETF issuers and analysts say that so far, these products are mainly dominated by individual investors

On August 15th, according to data from FXStreet, the documents submitted to the US regulatory agencies on Wednesday showed that Goldman Sachs and Morgan Stanley collectively purchased over $600 million worth of spot Bitcoin ETFs in the second quarter. Goldman Sachs stated in its 13-F filing to the Securities and Exchange Commission (SEC) that it bought around $418 million in several recently launched ETFs linked to the spot price of Bitcoin. Most of it was in iShares Bitcoin Trust IBIT, holding nearly 7 million shares valued at around $238 million as of the end of this quarter (June 30). In addition, Goldman Sachs also holds a significant stake in Fidelity Wise Origin (FBTC) under Fidelity. Morgan Stanley also favors BlackRock's iShares Bitcoin ETF, disclosing that it holds 5.5 million shares valued at $188 million. Although the latest round of filings shows that the number of institutions participating in Bitcoin ETFs may be increasing, ETF issuers and analysts indicate that so far, these products are mainly driven by individual investors

Source: JIN10 The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.

Like