Switzerland’s largest bank has upped its exposure to Bitcoin, according to regulatory filings.  UBS bought more shares in BlackRock’s iShares Bitcoin Trust, bringing its total position to over $83 million across 2.5 million shares, according to a filing with the U.S. Securities and Exchange Commission.  The bank has slowly upped its exposure to the biggest cryptocurrency by market cap since BlackRock’s top fund got approved back in 2024.  The filings are the latest examples of traditional institutions seeking exposure to Bitcoin. ETFs like BlackRock’s Bitcoin Trust — which trades as IBIT — allow investors to buy exposure to the leading cryptocurrency without...

Morgan Stanley Bitcoin Trust (MSBT) recorded a $66.8 million decrease in net assets from operations during its first 85 days, even as the exchange-traded fund brought in $371.1 million of gross share contributions against $5.26 million of redemption distributions.The trust’s first quarterly filing shows creations dominated redemptions while Bitcoin fell. Redemption distributions equaled 1.42% of gross contributions from April 7 through June 30.Unrealized Bitcoin depreciation accounted for $66.17 million of the operating-period decrease, nearly 99%. The balance consisted of $618,611 in realized Bitcoin losses and $72,288 in sponsor fees, distinguishing the $66.86 million accounting result from an ETF outflow measure.Morgan Stanley's Bitcoin ETF net asset value...

Switzerland’s largest bank has upped its exposure to Bitcoin, according to regulatory filings.  UBS bought more shares in BlackRock’s iShares Bitcoin...

Morgan Stanley Bitcoin Trust (MSBT) recorded a $66.8 million decrease in net assets from operations during its first 85 days, even as the exchange-traded...