For the second quarter running, the asset manager of Morgan Stanley, $1.3 trillion, reported exposure to US Bitcoin spot exchange-traded funds.

In a 13F-HR/A filing with the US Securities and Exchange Commission on Thursday, Morgan Stanley disclosed it holds $272 million worth of the Bitcoin investment vehicle as of the end of the third quarter. Notably, this was a mere 0.02% of the asset manager’s $1.3 trillion holdings.

Meanwhile, a chunk of the funds were invested in the BlackRock iShare Bitcoin Trust (IBIT). Morgan Stanley revealed it owns 5.5 million shares purchased in the second quarter. The shares’ value was $187.7 million at the time of purchase. However, it has surged to $209 million over the last quarter, accounting for a 10.2% increment.

Furthermore, Morgan Stanley disclosed that it held on to its investments in the Ark 21 Shares Bitcoin ETF (ARKB) but significantly reduced its exposure to the Grayscale Bitcoin Trust (GBTC). The filing revealed that it lowered its GBTC shares from $270 million to $148,000.

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