Morgan Stanley Boosts Circle Stake 470% to 8.3M Shares in Q2
CRCL sits 44% above its 52-week low of $49.9 on light trading volume (0.2× avg).
Summary
Morgan Stanley's Q2 13F filing reveals a massive increase in its Circle Internet Group position, from 1.46 million shares to 8.32 million shares — a 470% jump. This is a strong institutional endorsement of Circle's USDC stablecoin business, especially notable given the recent competitive pressure from Open USD and the stablecoin market contraction. The filing also shows Morgan Stanley broadly increasing crypto ETF exposure, but the Circle move is the standout. This follows Circle's Q2 return to profitability and OCC trust bank approval, reinforcing the narrative of growing institutional adoption. Watch for other institutional 13F filings in the coming weeks to see if this is a broader trend.
At the time of this announcement, CRCL was trading at $72.04 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $18.3B. The 52-week trading range was $49.90 to $159.47. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Cointelegraph.