Goldman Sachs and Morgan Stanley Invest Over $600M in Bitcoin ETFs

Financial giants reveal significant stakes in newly launched Bitcoin ETFs, signaling a shift in institutional attitudes towards cryptocurrency.

Goldman Sachs holds $418 million in various Bitcoin ETFs, with the largest stake in BlackRock's iShares Bitcoin Trust.
Morgan Stanley invested $188 million in Bitcoin ETFs, primarily in BlackRock's iShares Bitcoin Trust.
Both banks have historically been skeptical of cryptocurrency but are now showing increased participation.
The investments were disclosed through the banks' SEC 13-F filings for the second quarter ending June 30.
Institutional interest in Bitcoin ETFs is growing, though individual investors still dominate the market.