US banking giant Morgan Stanley dramatically increases investment in Bitcoin Trust in grayscale

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Banking giant Morgan Stanley is dramatically increasing its holdings in digital currency investment product Grayscale Bitcoin Trust (GBTC).

GBTC offers institutional investors exposure to Bitcoin (BTC), and to date Grayscale has $ 36.6 billion in assets under management.

Citing information from documents filed by Morgan Stanley with the United States Securities and Exchange Commission (SEC), market analyst MacroScope reports that the financial giant is increasing the shares of three of its funds with the largest holdings in GBTC.

The bank’s Global Opportunity Portfolio, which held 919,805 shares as of June 30, now has 1,463,714 shares as of September 30.

The Insight fund also notes an increase in GBTC holdings from 928,051 to 1,520,549 shares.

The Morgan Stanley Institutional Fund’s growth portfolio recorded the largest increase in investment, from 2,130,153 stocks in the previous quarter to 3,642,118 at the end of the third quarter.

Morgan Stanley also doubled the number of its GBTC shares earlier this year.

The company’s Europe Opportunity fund saw a 105% increase in the number of GBTC shares from April to July.

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