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6/29/2021 2:44:57 AM GMT
One of Morgan Stanley’s funds has purchased over 28,000 shares of the Grayscale Bitcoin Trust.
The investment bank’s indirect exposure to Bitcoin was an allocation of $1.3 million at the time of purchase.
Morgan Stanley has given the green light to a number of funds to invest up to 25% of total assets into BTC-related products.
Wall Street investment bank Morgan Stanley reportedly snapped up a significant number of shares of the Grayscale Bitcoin Trust as of late April, according to a recent filing.
Morgan Stanley’s exposure to BTC was worth $1.3 million
The investment bank has gained exposure to the leading cryptocurrency through Grayscale, by way of the Morgan Stanley European Opportunity Fund, which invests in established and emerging companies in Europe.