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Morgan Stanley Dabbles in Bitcoin with Europe Opportunity Fund

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Mon, 06/28/2021 - 14:58
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Alex Dovbnya
Morgan Stanley's Europe Opportunity Fund has exposure to Bitcoin
Morgan Stanley Dabbles in Bitcoin with Europe Opportunity Fund
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According to a quarterly report filed with the U.S. Securities and Exchange Commission, Morgan Stanley’s Europe Opportunity Fund holds 28,289 shares of Grayscale Bitcoin Trust.   

Their dollar value is $1,325,339, as per the filing.     

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As reported by U.Today, the banking giant greenlit Bitcoin exposure for a slew of mutual funds, including Institutional Fund, Variable Insurance Fund, Institutional Fund Trust, and others, in late March.   

Europe Opportunity Fund, which holds €1.8 billion worth of assets as of June 25, appears to be the first in line.   

Earlier this year, Morgan Stanley also enabled Bitcoin exposure for its wealthy clients by opening access to external crypto funds.       

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.