Morgan Stanley Deepens Crypto Exposure Through Grayscale Bitcoin Trust


Leading funding financial institution Morgan Stanley has as soon as once more deepened its crypto guess via Grayscale Bitcoin Trust. The megabank had been invested in crypto via the belief for some time now throughout numerous funds. In a current SEC filing, the financial institution revealed that it had dramatically elevated its holdings within the belief over the summer time. When it appeared just like the broader market was panicking on account of low costs, the wealth administration agency had been filling up its baggage.

In a tweet from MacroScope, it was identified that the megabank had not solely deepened its guess however had widened it via publicity in bitcoin by spreading the holdings throughout further funds.

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The largest Morgan Stanley funds with stakes within the Bitcoin Trust noticed a rise that drove their shareholdings into the thousands and thousands. Numbers present that every of the highest three funds had grown their holdings in Grayscale Bitcoin Trust by a minimum of 50%.

The Growth Portfolio recorded the biggest addition of shares as over a million shares had been added over a three-month interval. From June thirtieth to September thirtieth, the holdings of every fund are as follows;

Growth Portfolio grew from 2,130,153 shares to three,642,118 shares. Insight Fund grew its holdings from 928,051 shares to 1,520,549 shares. While the Global Opportunity fund now sits at 1,463,714 shares, up over 500,000 shares from its 919,805 quantity on the finish of June.

These funds assist the wealth supervisor present crypto publicity for its purchasers with out having to really maintain any bitcoin on its steadiness sheets. The Grayscale Bitcoin Trust additionally boasts investments from main funding corporations corresponding to Cathie Wood’s ARK Invest.

Bitcoin trending at $57K | Source: BTCUSD on

Morgan Stanley Looking Positively Towards Bitcoin

Morgan Stanley has all the time regarded favorably in direction of the asset class in the case of the massive U.S. banks. In March 2021, the bank grew to become the primary main U.S. financial institution to supply bitcoin publicity to its purchasers. It gave its purchasers a approach to entry the booming crypto trade via bitcoin funds, though the service was reserved for the rich purchasers of the wealth supervisor.

Related Reading | Bitcoin Leads Market As Inflows See An Uptick From Previous Week

Last month, James Gorman, Chief Executive Officer of Morgan Stanley, had shared optimistic views on the cryptocurrency market. During an earnings name, Gorman defined that he didn’t assume that crypto and by extension, bitcoin, was a fad, stating “I don’t think it’s going away.”

This was in distinction to fellow massive financial institution boss James Dimon who had expressed that he thought Bitcoin was nugatory. However, JPMorgan, which Dimon serves as CEO, would give its purchasers as “clean as possible access”, explaining that its purchasers had been adults who might make their very own selections.

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