Morgan Stanley Makes Larger Investments And Buys Over 1 Million Shares In Greyscale Bitcoin Trust

By Author: Greg C. Ryan
Total Articles: 20
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As per a filing with the U.S. Securities and Exchange Commission (SEC), Morgan Stanley one of the largest banks in Wall Street holds several shares of the Grayscale Bitcoin Trust (GBTC).

The company has opted for Bitcoin exposure through a regulated investment vehicle. Morgan’s Insight fund holds the largest number of shares, around 928,051.

On June 28th, 2021, when Bitcoin was still trading in the low $30,000s, Morgan Stanley disclosed a big position on the GBTC through their Europe Opportunity Fund. As reported by Bitcoinist, the bank owned 28,298 shares. According to recent SEC filings, the Morgan Stanley Insight Fund, the Morgan Stanley Institutional Fund Inc, the Morgan Stanley Variable Insurance Fund Inc., and the Morgan Stanley Institutional Fund Trust all made indirect investments in Bitcoin have large amounts as well.

The Morgan Stanley Insight Fund, which holds 928,051 shares of the Grayscale Bitcoin Trust for a reported total of $27,665,200.31 forms the most significant crypto investment. While it’s a sign of the bank’s growing interest in cryptocurrencies, the investment represents just 0.34% of the fund’s total assets.

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