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Over 400 13F filings hold BlackRock's BIT, Morgan Stanley holds nearly 270 million GBTC.

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Over 400 13F filings hold BlackRock

The multinational investment bank Morgan Stanley, commonly known as "Big Mo," disclosed in a 13F filing submitted to the SEC on Wednesday that, as of March 31, it held over $270 million worth of the U.S. spot Bitcoin ETF. According to Bloomberg ETF analyst Eric Balchunas, the final 13F report numbers revealed that BlackRock's IBIT had 414 holders, a staggering record!

Morgan Stanley Holds Nearly 270 Million GBTC

According to statistics from Fintel, Morgan Stanley holds $2.699 billion worth of Grayscale Bitcoin Trust (GBTC), making it the third largest holder of GBTC shares, following Susquehanna's $11 billion and Horizon Kinetics' $9.46 billion. Additionally, the bank also allocated a small amount of funds, $2.3 million, to Ark Invest's ARKB, placing it among the top 20 ARKB holders.

Bitwise, the issuer of the Bitcoin Trust ETF, released a memo to investors analyzing the holders of the Bitcoin Trust ETF based on the 13F filings as of 5/9. A total of 563 professional investment firms reported holding $3.5 billion worth of the Bitcoin ETF. However, Hougan pointed out that with institutional investors entering the scene, this is just the beginning, and he is very optimistic about the future of the Bitcoin Trust ETF.

Bitwise Analyzes Bitcoin ETF Holders: $3.5 Billion Held by Professional Investors is Just the Beginning

IBIT Sets Record with 414 Holders

According to Bloomberg's ETF analyst Eric Balchunas, the final 13F report statistics show that BlackRock's IBIT has 414 holders, breaking records. He noted that even having 20 holders for a newly launched ETF is very rare. Fidelity's FBTC has over 200 holders, and Bitwise's BITB has around 100 holders.