Morgan Stanley Increases its Stake in Grayscale

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Key takeaways

  • In an SEC filing today, Morgan Stanley Europe Opportunity Fund acknowledged owning 83,803 shares of Grayscale BTC as of October 31.
  • The fund had previously reported 58,116 shares on July 31 and 28,289 shares on April 30.
Morgan Stanley Increases Its Stake In Grayscale
Morgan Stanley Increases its Stake in Grayscale

Morgan Stanley, one of the biggest US investment banks, increased GBTC’s holding in Morgan Stanley Europe Opportunity Fund to 1% of assets under management in the third quarter.

According to the SEC website, the entity owned 83,803 GBTC shares worth $5.14 million as of October 31. It possessed 58,116 and 28,289 shares of the bitcoin trust, respectively, according to the results of the second and third quarters.

Morgan Stanley Growth Portfolio, Morgan Stanley Insight Fund, and Morgan Stanley Global Opportunity Portfolio were all rebalanced by ForkLog in November.

As a reminder, in October, the investment bank prohibited wealth management division personnel from recommending ProShares bitcoin ETF futures to clients. Previously, CEO James Gorman stated that there was minimal interest in bitcoin among customers.

Morgan Stanley has already begun to put together a team to investigate the impact of cryptocurrencies on stocks and fixed-income instruments.

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Chetna Prakash
Chetna Prakash

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