While investments in spot Bitcoin ETFs are increasing, ETF investment news continues to come from corporate giant companies.
The latest news at this point is that Morgan Stanley, one of the largest banks in the USA, announced that it has joined the spot Bitcoin ETF caravan in its 13F application.
According to CryptoSlate, banking giant Morgan Stanley invested $269.9 million in the Bitcoin ETF through Grayscale GBTC.
Apart from Morgan Stanley, there are many banks joining the spot Bitcoin ETF bandwagon. These include JPMorgan Chase, Wells Fargo, BNP Paribas and UBS Group.
In addition, in the statements made so far, Susquehanna International Group (SIG) is among the institutions that have invested the most in Bitcoin ETF. According to the statements, his firm has over $1.3 billion invested in the top 10 spot Bitcoin ETF products.
*This is not investment advice.