Skip to content
Monday, November 2, 2026 · Today’s edition, 6:30 a.m. ETMon, Nov 2 · 6:30 a.m. editionSign inMy Desk 0EditionsSign in
Private Wealth Daily
AnalysisDigital AssetsThe WrapThe State of Digital Capital

Nine filers cut 68,000 BTC of spot bitcoin ETF exposure

Galaxy Research names Millennium, Goldman Sachs and Brevan Howard among sellers, with Morgan Stanley's wealth arm and Mubadala adding.

By The Wrap desk13 min read

At a glance

  1. For an RIA weighing a spot bitcoin ETF sleeve, a due-diligence file that cites institutional buying now has to name the buyer.
  2. The same filing round shows a wirehouse wealth arm and a sovereign investor adding while two investment firms and a bank reduced.
  3. The 68,000 BTC is the sum of nine filers' reductions and is denominated in bitcoin rather than dollars.

Nine institutional filers cut a combined 68,000 BTC of spot bitcoin ETF exposure in the latest 13F filings, according to Galaxy Research. Morgan Stanley's wealth arm and Mubadala added.

For an RIA weighing a spot bitcoin ETF sleeve, a due-diligence file that cites institutional buying now has to name the buyer. The same filing round shows a wirehouse wealth arm and a sovereign investor adding while two investment firms and a bank reduced.

Galaxy's tally names Millennium, Goldman Sachs and Brevan Howard among the sellers.

The 68,000 BTC is the sum of nine filers' reductions and is denominated in bitcoin rather than dollars. Its dollar value moves with the bitcoin price even if no filer changes a share.

Reported by The Wrap desk from Galaxy Research, as reported in Digital Capital Daily's coverage. Published . Corrections

Private Wealth Daily member access

Continue this analysis

Get the complete Digital Assets analysis and every detail that follows.

Enter a valid work email to continue reading.

Digital Capital Daily, from Private Wealth Daily. Unsubscribe anytime.

Full featuresIn-depth analysis and exclusive reporting.
Source-backed contextEvidence, context and the complete story.
One login across the networkAccess every Daily Network publication.

Related

Digital Assets

Nine firms cut 68,000 BTC of bitcoin ETF exposure

Millennium, Goldman Sachs and Brevan Howard were among the sellers, while Morgan Stanley's wealth arm and Mubadala bought, per Galaxy Research.

Digital Assets

Wells Fargo tokenized deposits move cross-border payments in two minutes or less

None of the three banks put a revenue figure on the opportunity; Goldman's Solomon calls the activity 'small and at the margin.'

Digital Assets

HANetf ETCs and HSBC's RedCoin list zero assets as Franklin, Goldman seek crypto cash

Eleven of fifteen placements tracked over Sept. 29–30 show nothing or under $500, while Franklin's $686 million money funds became pledgeable on Bybit and Goldman's FTIXX reached crypto firms through Lynq.

Digital Assets

BaFin authorizes Deutsche Bank for crypto custody

The German launch still needs regulatory approval, and the 2027 Asia plan names no jurisdiction or regulator.

Digital Assets

Securitize shares fall 38% since Solana tokenized-stock launch

Twelve tokenized U.S. stocks, including Apple and Nvidia, trade through Securitize's broker-dealer on Solana, with Jump Trading as market maker.

From other sections

Features19 RIA deals in a week as Mariner seeks $150 million in debt
RIAsWealth revenue rises 12% to 15% at JPMorgan, Wells Fargo, Goldman, Citi
Deals & PERobinhood buys an underwriting seat to feed TradePMR's IPO shelf
Nine filers cut 68,000 BTC of spot bitcoin ETF exposure