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Morgan Stanley, JPMorgan Load Up on Bitcoin, Ethereum ETFs

Benzinga ·  Aug 15 01:21

$Morgan Stanley (MS.US)$and$JPMorgan (JPM.US)$increased their exposure to cryptocurrency ETFs in the second quarter, with both banks adding to their Bitcoin and Ethereum positions despite a volatile period for digital assets, according to SEC filings.

Morgan Stanley raised its holdings of$iShares Bitcoin Trust (IBIT.US)$by 23% to about 16.5 million shares, while its position in$iShares Ethereum Trust ETF (ETHA.US)$jumped roughly 202% to 4.6 million shares. The bank also opened positions in two Solana ETFs and increased holdings across several other Bitcoin and Ethereum products.

JPMorgan increased its IBIT stake to about 10.4 million shares from 8.3 million and more than quadrupled its position in BlackRock's Ethereum ETF to roughly 1.17 million...

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