{"id":11130,"date":"2021-09-27T22:14:53","date_gmt":"2021-09-27T21:14:53","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=11130"},"modified":"2021-09-27T22:15:02","modified_gmt":"2021-09-27T21:15:02","slug":"morgan-stanley-increases-its-crypto-exposure-through-grayscales-bitcoin-trust","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/morgan-stanley-increases-its-crypto-exposure-through-grayscales-bitcoin-trust\/","title":{"rendered":"Morgan Stanley increases its crypto exposure through Grayscale’s Bitcoin Trust"},"content":{"rendered":"\n
Morgan Stanley, a major American financial firm<\/a>, has more than doubled its holdings in Grayscale Bitcoin Trust by more than 105% since April.<\/h5>\n\n\n\n
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The Morgan Stanley Europe Opportunity Fund\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, which invests in known and growing firms throughout Europe, owned 58,116 shares of the Grayscale Bitcoin Trust, or GBTC, as of July 31, according to a report filed with the United States Securities and Exchange Commission, or SEC.<\/p>\n\n\n\n

The price of GBTC is $34.28 at the time of publication, putting the investment bank's exposure to Bitcoin (BTC) at around $2 million \u2014 Morgan Stanley said that the shares cost $2.4 million.<\/p>\n\n\n\n

Morgan Stanley has boosted its holdings in GBTC by more than 105 percent since April, according to previous filings. According to Cointelegraph, the investment bank possessed 28,298 GBTC, valued at $1.3 million at the time.<\/p>\n\n\n\n

Morgan Stanley is increasing its exposure to Bitcoin Cash (BTC) in 2021. The firm's Europe Opportunity Fund seeks to maximize capital appreciation by investing in “high quality established and emerging<\/a>” European companies that the team believes are “undervalued at the time of purchase.”<\/p>\n\n\n\n

The investment bank said in April that Grayscale and cash-settled futures would be used to increase Bitcoin exposure to 12 investment vehicles.<\/p>\n\n\n\n

Morgan Stanley went on to lead a $48 million funding round for Securitize, a Coinbase-backed tokenization platform, marking the bank's first financial investment in blockchain.<\/p>\n\n\n\n

Cathie Wood, the CEO of Ark Invest, has also made a major investment in the Grayscale Bitcoin Trust. The company said in July that it had purchased over 450,000 GBTC shares in two separate transactions.<\/p>\n\n\n\n

Ark Invest and its institutional funds<\/a> had more than 8.3 million GBTC shares at the time of publication, accounting for 0.69 percent of its portfolio.<\/p>\n","protected":false},"excerpt":{"rendered":"

Morgan Stanley, a major American financial firm, has more than doubled its holdings in Grayscale Bitcoin Trust by more than 105% since April. The Morgan Stanley Europe Opportunity Fund , which invests in known and growing firms throughout Europe, owned 58,116 shares of the Grayscale Bitcoin Trust, or GBTC, as of July 31, according to […]<\/p>\n","protected":false},"author":12,"featured_media":11134,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[4149,4674,607],"class_list":["post-11130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-crypto-exposure","tag-grayscales-bitcoin-trust","tag-morgan-stanley"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/Morgan-Stanley-increases-its-crypto-exposure-through-Grayscales-Bitcoin-Trust.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=11130"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/11134"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=11130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=11130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=11130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}