Morgan Stanley boosts BlackRock Bitcoin ETF holdings by 23% in Q2

The signal here is less the size of the position than the direction of travel from a major wealth-management franchise, which sits closer to advisory distribution than to prop trading. That distinction matters because bank-affiliated holdings can shape what products get shelf space for clients, not just what sits on a balance sheet. The accompanying lift in Ether ETFs and crypto-linked equities suggests this is a broadening allocation rather than a single-instrument trade. Whether that pattern extends across other large wealth platforms is the open question.