Morgan Stanley significantly increased its holdings of Circle to 8.32 million shares in Q2, and added to its positions in Bitcoin and Ethereum ETFs.

Morgan Stanley’s latest 13F filing with the U.S. Securities and Exchange Commission (SEC) shows that as of June 30, it held approximately 16.5 million shares of BlackRock’s IBIT, a 23% increase from the 13.4 million shares held in the first quarter. However, due to a decline in Bitcoin prices during the quarter, the position’s market value fell to $549 million from $667 million, a roughly 18% drop. During the same period, Morgan Stanley also held 2.57 million shares of MSBT worth around $43.3 million, and increased its holdings in Grayscale Bitcoin Mini Trust, Bitwise Bitcoin ETF, and Fidelity’s FBTC, with FBTC positions rising nearly 38%. For Ethereum-related assets, its holdings of ETHA surged approximately 202% to 4.6 million shares, while its stake in Grayscale Ethereum Staking Mini ETF rose by around 26% to 5.1 million shares. Additionally, Morgan Stanley established new positions in Grayscale’s Solana Staking ETF and Fidelity’s Solana Fund, with respective market values of roughly $4.25 million and $2.26 million. In terms of individual stocks, Morgan Stanley’s holdings in Circle (CRCL) jumped from approximately 1.46 million shares to 8.32 million shares. It also expanded positions in crypto mining and infrastructure firms including Cipher Digital, Core Scientific, Hut 8, and Bitdeer. Conversely, it trimmed its Coinbase stake by around 550,000 shares, cut holdings in CleanSpark by more than 3.1 million shares, and liquidated its entire position of roughly 8 million shares in Bitfarms.