Morgan Stanley Increases its Crypto Exposure With Large Investments in the Grayscale Bitcoin Trust

No mater what the price may seem to reflect to the average person, big money and corps behind the scenes are pouring money into the cryptosphere

Morgan Stanley Increases its Crypto Exposure With Large Investments in the Grayscale Bitcoin Trust

“According to recent SEC filings, the Morgan Stanley Insight Fund, the Morgan Stanley Institutional Fund Inc, the Morgan Stanley Variable Insurance Fund Inc., and the Morgan Stanley Institutional Fund Trust all made indirect investments in Bitcoin.

Indirect investments are those that offer exposure to a product that in turn reflects or depends on the performance of another. In the case of Morgan Stanley, most investments in cryptocurrencies are in shares of the Grayscale Bitcoin Trust.

The most significant crypto investment comes from the Morgan Stanley Insight Fund, which holds 928,051 shares of the Grayscale Bitcoin Trust for a reported total of $27,665,200.31. Yet, while it’s a sign of the bank’s growing interest in cryptocurrencies, the investment represents just 0.34% of the fund’s total assets.

As CryptoPotato previously reported, the bank’s funds can have a maximum allocation of 25% in crypto. In March of this year, Morgan Stanley began providing support for Bitcoin investments to high-net-worth clients. The Grayscale Bitcoin Trust is probably the favorite way for traditional investors to gain some exposure to Bitcoin, considering there is still no approved ETF in the United States.”

https://cryptopotato.com/morgan-stanley-increases-its-crypto-exposure-with-large-investments-in-the-grayscale-bitcoin-trust/

 

Master Asked on August 26, 2021 in Cryptocurrency.
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