Morgan Stanley's $269M Spot Bitcoin ETF Bet: Why Wall Street is Buying Even if Your Advisor Isn't

Morgan Stanley holds $269.9 million in Spot Bitcoin ETF positions, with the bulk of that exposure sitting in GBTC. The bank's own Spot Bitcoin ETF, MSBT, pulled in over $200 million in assets within weeks of its May 2026 launch. Morgan Stanley's financial advisors were not cleared to recommend these products, but clients still invested due to demand.