US mutual funds’ crypto holdings doubled to over $1bn in Q1

BlackRock and MSIM are among 16 US fund managers dipping their toes into crypto investing

Banks holding cryptocurrency

Cryptocurrency investing is on the rise among US mutual funds, with holdings more than doubling in the first quarter of this year to top $1 billion, an analysis of regulatory filings has shown. BlackRock and Morgan Stanley Investment Management are among the 16 mutual fund managers that have now dipped their toes into the alternative asset’s wild market.

Regulatory filings made to the US Securities and Exchange Commission show the mark-to-market value of cryptocurrency-tracking products on the

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