Stock Groups

Morgan Stanley increased exposure to Bitcoin, held $300M in Grayscale shares -Breaking

[ad_1]

© Reuters.

Investment funds offered by major U.S. banks Morgan Stanley (NYSE:) increased their exposure through the purchase of shares in Grayscale Bitcoin Trust.

The Morgan Stanley Insight Fund, according to the United States Securities and Exchange Commission filings on Tuesday IncreasingIts holdings in Grayscale Bitcoin Trust (or GBTC) shares exceeded 63%. They went from 928.051 during the second quarter 2021 to 1,523,549 at Sept. 30, 2018. In addition, filings on the firm’s Growth Portfolio Please showThe third quarter saw it hold 3,642,118 GBTC-shares, an increase by 71% compared to 2,130,153 shares at Q2. Morgan Stanley Global Opportunity Portfolio Held1,463,714 GBTC, a 59% rise from 919.805 shares within three months.