Morgan Stanley Buys More shares of Grayscale’s Bitcoin Trust
For the third quarter of 2021, the US investment bank Morgan Stanley increased the share of GBTC shares in Morgan Stanley Europe Opportunity Fund to 1% of all assets in its portfolio.
Morgan Stanley owned 83,803 GBTC shares worth $ 5.14 million as of October 31, according to the SEC. At the end of the second quarter, the structure had 58,116 GBTC on its balance sheet, and during the third quarter, Morgan Stanley purchased another 28,289 GBTC shares.
An analyst at MacroScope believes that investment bank Morgan Stanley will continue to act in a similar manner with regard to investments in early 2022.
As was previously reported, in early October 2021, Morgan Stanley doubled its investment in the Grayscale Bitcoin Trust.