TREE NEWS update: Morgan Stanley increased its stake in BlackRock’s spot Bitcoin ETF (IBIT) by 23% to 16.5 million shares in Q2, also raising positions in Ether ETFs and crypto-linked stocks. This reflects growing institutional adoption of crypto ETFs.
TREE NEWS reports: JPMorgan reported a 25% increase in its Bitcoin ETF position and more than quadrupled its Ether ETF position during the second quarter, according to a recent filing. This move signals growing institutional adoption of crypto assets through regulated investment vehicles.
TREE NEWS reports: Kalshi is reportedly in advanced talks with Sequoia and Wellington for a $750 million funding round at a $40 billion valuation, nearly doubling its May valuation. The news comes as Baltimore sued the prediction market platform over unlicensed sports betting, adding regulatory pressure.
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