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Morgan Stanley Fund Increases Stake in Grayscale Bitcoin Trust

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Mon, 27/09/2021 - 15:58
Morgan Stanley Fund Increases Stake in Grayscale Bitcoin Trust
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Morgan Stanley Europe Opportunity Fund has reported owning 58,116 shares of Grayscale Bitcoin Trust in its recent regulatory filing.

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The total dollar value of its GBTC stake was $2.018 million as of July 31.

As reported by U.Today, the banking giant's Europe Opportunity Fund, which boasts a total of $371 million in assets, revealed that it had bought 28,289 GBTC shares in late June.

Morgan Stanley became the second-largest investor in Grayscale Bitcoin Trust in late August, with Cathie Wood's ARK Invest remaining in first place.

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Its various institutional funds hold approximately 6.5 million GBTC shares.

In February, Morgan Stanley made it possible for its deep-pocketed clients to invest in Bitcoin.

The bank allowed its institutional funds to gain exposure to Bitcoin back in April.

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