Morgan Stanley Builds Its Bitcoin Exposure with Grayscale Bitcoin Trust
Login

Morgan Stanley Builds Its Bitcoin Exposure with Grayscale Bitcoin Trust

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:


Behemoth American-headquartered bank Morgan Stanley has remained steadfast in gaining Bitcoin exposure by investing millions of dollars, despite the recent prevalent bearish bias amongst analysts.

Twitter analyst MacroScope cited the significant difference between the financial institution’s previous filing and today’s data, noting that the bank’s crypto exposure has grown significantly within a few months.

MacroScope predicted that Morgan Stanley would seek more crypto exposure back when it held only 28.289 shares in the Grayscale Bitcoin Trust (GBTC).

Based on recent US 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 have all carried out direct Bitcoin investments.

Indirect investment refers to those that offer exposure to an investment product that tracks the performance of another. With Morgan Stanley, most of its cryptos investments are in shares of the Grayscale Bitcoin Trust.

Morgan Stanley has Room for More Bitcoin and Cryptocurrency Investment

The highest cryptocurrency investment held by the company comes from the Morgan Stanley Insight Fund, which boasts 928,051 shares of the GBTC worth about $27.6 million. However, while this is a substantial cryptocurrency investment by any metric, the undertaking accounts for just 0.34% of the fund’s total assets.

Recent reports show that Morgan Stanley’s funds can facilitate a maximum allocation of 25% of its total assets in crypto.

The race to attract the most crypto-inclined investors by banks and financial institutions intensified in 2021, following the 2020/2021 bull run. Giant institutional investors like JP Morgan, Goldman Sachs, BNY Mellon, and others have begun offering direct and indirect crypto investments and analyses to interested clients.

As such, doubts that previously shrouded Bitcoin appear to be clearing up as even sovereign nations take steps to integrate Bitcoin and cryptocurrency into their financial infrastructure.

 

You can purchase crypto coins here: Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News