Big Banks' Bitcoin Bets: A Gamble Worth Watching The latest quarterly filings from major US banks Morgan Stanley and JPMorgan reveal significant increases in their investments in cryptocurrency exchange traded funds (ETFs).
Despite market volatility, these big players have been quietly building their exposure to Bitcoin and Ethereum.
Morgan Stanley's holdings of BlackRock's iShares Bitcoin Trust ETF rose 23% from the previous quarter, with the bank now holding around 16. 5 million shares.