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

​Morgan Stanley continues to buy Grayscale Bitcoin Trust shares

29.12.2021 - 11:25


1 min


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.

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.


yanazakomoldina yanazakomoldina

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy