According to a recent filing with the US Securities and Exchange Commission (SEC), asset manager Morgan Stanley is venturing deeper into the crypto sector. The fund called Morgan Stanley Institutional Fund holds 2.1% in BlackRock's iShares Bitcoin Trust (IBIT) and has a 4% investment in Michael Saylor's MicroStrategy.

The fund has a reported US$10,042,729 (AU$14,896,142) in net assets, with the IBIT holdings accounting for roughly US$211,000 (AU$313,036) and the MicroStrategy allocation making up approximately US$402,000 (AU$596,469). Saylor's firm currently holds 226,500 Bitcoin, making it an excellent vehicle for BTC exposure.

Another notable holding of the fund is in Tesla, which accounts for 6.1%. While Tesla is not considered a digital asset company per se, it still holds just under 10,000 BTC. Considering that Morgan Stanley has assets under management (AUM) in the trillions, these numbers are relatively small, but still a significant development in the crypto sector.

Source: https://cryptonews.com.au/news/morgan-stanley-reports-substantial-btc-etf-and-microstrategy-stakes-in-sec-filing-123206/

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