Morgan Stanley, JPMorgan Increase Crypto ETF Holdings in Q2

3-line summary

• Morgan Stanley and JPMorgan increased their holdings of crypto investment products in the second quarter, adding to Bitcoin and Ethereum ETF exposure despite market volatility, according to a Yahoo Finance report.
• Morgan Stanley raised its holdings of BlackRock's iShares Bitcoin Trust ETF (IBIT) by 23% from the prior quarter to about 16.5 million shares as of June, per a Form 13F filing with the SEC; the position's reported value fell to about $549 million from $667 million as Bitcoin's price declined during the quarter.

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