Morgan Stanley buys about 28,000 shares of Grayscale Bitcoin Trust

Charlie Taylor

Morgan Stanley, the 6th largest US bank, bought 28,289 shares of Grayscale Bitcoin Trust through one of its funds, according to the latest filing sent to the US SEC.One of the largest US banks, Morgan Stanley, bought 29,289 shares of Grayscale Bitcoin Trust through its Europe Opportunity Fund, according to the document issued to the SEC. Morgan Stanley has been increasingly active in the cryptocurrency market in recent years months to meet the growing demand of its customers. In April, the company allowed its funds to invest indirectly in bitcoin through cash-settled futures contracts and Grayscale's Bitcoin Trust, including the Institutional Fund, the Institutional Trust Fund, the Insight Fund and the Variable Insurance Fund. can invest up to 25% of its assets in bitcoin, according to previous SEC documents. The Europe Opportunity Fund includes a mix of companies based in Europe in the technological and non-tech space, and other investments. In March, Morgan Stanley launched Bitcoin investment fund products for qualifiedand began recruiting a leading cryptocurrency and blockchain analyst.Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.To stay up to date, follow the QR Capital on Instagram and on TwitterMorgan Stanley content buys about 28,000 shares of Grayscale Bitcoin Trust first appear in BlockTrends – Blockchain | Investments | Economy.

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