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Morgan Stanley Increases Its Exposure To Bitcoin By Buying More GBTC Shares

Morgan Stanley Increases Its Exposure To Bitcoin By Buying More GBTC Shares

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Answer Morgan Stanley Increases Its Exposure To Bitcoin By Buying More GBTC Shares

A recent filing with the US Securities and Exchange Commission (SEC) revealed that international banking giant Morgan Stanley has a growing appetite for bitcoin, even as the cryptocurrency’s price rises.

According to several filings with the SEC, Morgan Stanley has significantly increased its exposure to Bitcoin.

The company did this by purchasing additional shares in the Grayscale Bitcoin Trust (GBTC).

Summarizing the difference between the shares held by Morgan Stanley in June and recent stats, here’s:

  • Growth portfolio (as of June 30): 2,130,153 shares
    Growth portfolio (as of September 30th): 3,642,118 shares
  • Insight Fund (as of June 30): 928,051 shares
    Insight Fund (September 30th): 1,520,549 shares
  • Global Opportunity Portfolio (as of June 30): 919,805 shares
    Global Opportunity Portfolio (as of September 30): 1,463,714 shares

From the numbers presented above, it appears that Morgan Stanley is making serious efforts towards bringing current and future customers to Bitcoin.
We mentioned in Bitcoin Arab earlier that “Morgan Stanley” published a comprehensive guide explaining in detail the intricacies of cryptocurrencies for wealth management clients.

Read:China’s campaign against crypto may extend to stable cryptocurrencies after Bitcoin!

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