Morgan Stanley increased investments in BTC fund Grayscale

Morgan Stanley increased investments in BTC fund Grayscale

Morgan Stanley purchased more shares of the Grayscale Bitcoin Trust. In total, the corporation invested $307 million in BTC.

According to reports filed with the SEC, Morgan Stanley Institutional Fund invested in Grayscale Bitcoin Trust (GBTC) last quarter for three of its funds: Growth Portfolio, Insight Fund and Global Opportunity Portfolio.

The total number of GBTC shares held through the three funds reached 6,626,381, worth approximately $307 million at current prices.

Morgan Stanley started buying GBTC in June 2021. This spring, Morgan Stanley began negotiations on acquiring a stake in the Bithumb exchange.

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