Morgan Stanley tops up Bitcoin investments, now holds $300M in Grayscale shares By BTC Peers – Investing.com
- Date: 26-Nov-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Morgan Stanley tops up Bitcoin investments, now holds $300M in Grayscale shares By BTC Peers – Investing.com
U.S. investment banking heavyweight Morgan Stanley (NYSE:) has increased their exposure to by buying more shares of Grayscale Bitcoin Trust.
According to a filing from the United States Securities and Exchange Commission (SEC) on Tuesday, the Morgan Stanley Insight Fund increased its holdings of Grayscale Bitcoin Trust (GBTC) shares by over 63% from 928,051in Q2 to 1,520,549 as of Sept. 30.
Filings on the firm’s Growth Portfolio indicate that it held 3,642,118 GBTC shares in Q3 of 2021, a 71% increase compared to its 2,130,153 shares as of Q2. The Morgan Stanley Global Opportunity Portfolio also held 1,463,714 GBTC, a 59% increase from 919,805 shares in three months.