Morgan Stanley continues to buy Grayscale Bitcoin Trust shares

During the third quarter, the bank brought its share of GBTC securities to 83 803

29.12.2021 - 11:25

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What’s new? Morgan Stanley brought its share of the Grayscale Bitcoin Trust (GBTC) securities in the Morgan Stanley Europe Opportunity Fund to 1% of its assets under management. This happened during the third quarter.

BTC institutional watch:In an SEC filing today, Morgan Stanley Europe Opportunity Fund reported owning 83,803 shares of Grayscale BTC as of October 31.Previously, the fund reported 58,116 shares as of July 31, and 28,289 shares as of April 30.As I've tweeted, other...— MacroScope (@MacroScope17) December 28, 2021

What is the amount of funds under management? The Morgan Stanley Europe Opportunity Fund held 83 803 GBTC securities worth $5,14 million as of October 31. The fund had 58 116 and 28 289 bitcoin trust shares on its balance sheet at the end of the second and third quarters.

What had happened before? Morgan Stanley funds made their first test purchase of the GBTC shares in June 2021. At that time, they acquired 28 289 shares of the Grayscale fund. Earlier it also became known that the investment bank has begun to form a team that will focus on studying the impact of cryptocurrencies on equities and fixed income instruments.

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