Goldman Sachs and Morgan Stanley purchased a total of more than $600 million in spot bitcoin exchange-traded funds (ETFs) during the second quarter...
FILE PHOTO: The corporate logo of financial firm Morgan Stanley is pictured on the company's world headquarters in New York - Goldman Sachs and Morgan Stanley purchased a total of more than $600 million in spot bitcoin exchange-traded funds during the second quarter, regulatory filings showed on Wednesday.
Most of that sum reflected a stake of nearly 7 million shares in the iShares Bitcoin Trust, valued at about $238 million as of the end of the quarter, June 30. Goldman also took sizeable stakes in the Fidelity Wise Origin Bitcoin ETF and the Invesco Galaxy Bitcoin ETF, and smaller positions in several other bitcoin ETFs launched in January.Morgan Stanley also favored BlackRock's iShares bitcoin ETF, disclosing a 5.5 million share stake that was valued at $188 million as of June 30.
Neither bank could be reached for comment on whether their positions were acquired on behalf of clients or for each firm's own account. New York-based Millennium Management LLC disclosed that it cut its positions in three of the five bitcoin ETFs in which held stakes in the first quarter, while its exposure to the Ark 21Shares ETF was unchanged, and it increased holdings in the Bitwise product to nearly 2 million shares from about 1.2 million shares at the end of the first quarter.
SAN FRANCISCO — A federal judge on Wednesday indicated he will order major changes in Google’s Android app store to punish the company for engineering a system that a jury declared an illegal monopoly that has hurt millions of consumers and app developers.SAN DIEGO — Martín Pérez beat his old team in his first victory since San Diego acquired him at the trade deadline, and the Padres defeated the Pittsburgh Pirates 8-2 on Wednesday for their 19th win in 22 games.MINEOLA, N.Y.
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