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InvestmentsMorgan Stanley increased exposure to Bitcoin, held $300M in Grayscale shares By...

Morgan Stanley increased exposure to Bitcoin, held $300M in Grayscale shares By Cointelegraph


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Investment funds from main U.S. funding financial institution Morgan Stanley (NYSE:) have increased their exposure to by means of purchases of shares of Grayscale Bitcoin Trust.

According to filings from the United States Securities and Exchange Commission on Tuesday, the Morgan Stanley Insight Fund increased its holdings of Grayscale Bitcoin Trust, or GBTC, shares greater than 63%, from 928,051 in the second quarter of 2021 to 1,520,549 as of Sept. 30. In addition, filings on the agency’s Growth Portfolio present it holding 3,642,118 GBTC shares in the third quarter of 2021, a rise of 71% when put next with 2,130,153 shares as of Q2. The Morgan Stanley Global Opportunity Portfolio held 1,463,714 GBTC, a 59% enhance from 919,805 shares in three months.