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
68
1 min
0
.
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.
Useful material?
Basics
Why Satoshi Nakamoto’s technical manifesto for a decentralized money system matters
Oct 31, 2022
Basics
How to track fluctuations correctly and create an effective income strategy
Sep 13, 2022
Basics
Review of the most profitable offers from proven trading platforms
Aug 29, 2022
Basics
The Ethereum Foundation team has published a breakdown of major misconceptions about the upcoming network upgrade
Aug 18, 2022
Basics
What benefits the exchange offers, and what else is in the near future
Aug 4, 2022
Basics
Let's take a look at the varieties of this new form of management and its earning potential
Aug 1, 2022