Banking giant Morgan Stanley is now topping its holdings of the digital currency investment product Grayscale Bitcoin Trust (GBTC).
Also,GBTC provides institutional investors exposure to Bitcoin (BTC). Currently, Grayscale has $36.6 billion in assets under management.
More so, according to information from Morgan Stanley’s filings with the U.S. Securities and Exchange Commission (SEC). Of course, the market analyst MacroScope highlights the financial giant is packing up shares. Particularly, of three of its funds with the largest GBTC holdings.
“In new SEC filings, Morgan Stanley has disclosed a dramatic increase…”
“in Bitcoin exposure in its asset management business.”
“Earlier this year, Morgan reported buying Grayscale BTC in a large number of investment funds…”
“For the three funds with the largest Grayscale holdings…” — MacroScope (@MacroScope17) November 24, 2021
Additionally, The bank’s Global Opportunity Portfolio with 919,805 shares in June 30th, currently has 1,463,714 shares as of September 30th.
Furthermore, The Morgan Stanley Institutional Fund’s Growth Portfolio has the highest increase in investment. The rate is from 2,130,153 shares in the former quarter to 3,642,118 at the end of the third quarter.
“Global Opportunity Portfolio (as of June 30): 919,805 shares…”
“Global Opportunity Portfolio (as of Sept 30): 1,463,714 shares”
“Other Morgan funds that own Grayscale BTC also showed large percentage increases. View all the new filings”
here: https://t.co/de7st3ZAmC — MacroScope (@MacroScope17) November 24, 2021
Lastly, Morgan Stanley is doubling up the number of its GBTC shares earlier this year.
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