SEC records as of September 27, disclose that New York-based international investment company Morgan Stanley has expanded its shares of Grayscale BTC Trust by over 105% since April.
As mentioned in the papers, at the end of July, the Europe Opportunity Fund, focused on settled firms and startups, owned 58.116 shares of GBTC. Thus, the fund’s Bitcoin investments reached around $2 M as at the moment, the price of GBTC is about $32.73.
Earlier, in June, the bank bought 28,289 GBTC shares via the same vehicle. Apart from the mentioned fund, Morgan also holds GBTC through different portfolios.
The institution is among the leading banks that have extended their investments in crypto.Grayscale is a major crypto asset manager. It holds around $27.3 bln in AUM. The largest of the funds is GBTC. At the moment, BTC trades at about $42.400 with a market cap of over $799.4 bln. Its market dominance index is 42.53%.
Recent data show that institutional investors have been taking advantage of the situation after the crypto market fall connected with the stock market drop and stricter rules from China, and are buying crypto more actively.