Latest News

Morgan Stanley, US Banking Giant Surprisingly Tops Grayscale Bitcoin Trust Investment

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: — MacroScope (@MacroScope17) November 24, 2021

Lastly, Morgan Stanley is doubling up the number of its GBTC shares earlier this year.

Galaxy Interactive Rises Additional $325M Fund For Metaverse and Next Gen…>>

Related Posts – Bank DBS’s Crypto Business Grows Massively Due To Growing Demand From Investors

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.