Morgan Stanley boosts crypto fund holdings in Q2, cuts Coinbase and other crypto stocks

Morgan Stanley increased its holdings of crypto funds in the second quarter while reducing its positions in crypto-related stocks such as Coinbase, according to a 13F filing with the U.S. SEC. During the period, Morgan Stanley’s IBIT holdings rose about 23% to 16.5 million shares from 13.4 million shares. The bank also held 2.57 million shares of its own Morgan Stanley Bitcoin Trust (MSBT), valued at about $43.3 million. For Ethereum-related funds, Morgan Stanley increased its holdings of BlackRock’s ETHA by about 202% to 4.6 million shares and raised its Grayscale ETH holdings by about 26% to 5.1 million shares. By contrast, the filing showed Morgan Stanley cut its Coinbase stake by about 550,000 shares, reduced its CleanSpark (CLSK) position by more than 3.1 million shares, and fully sold its Bitfarms (BITF) position of about eight million shares.