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Morgan Stanley Owns More Than 1 Million Grayscale Bitcoin Trust

Morgan Stanley Owns More Than 1 Million Grayscale Bitcoin Trust
  • SEC filing shows that top bank Morgan Stanley holds a lot of GBTC.
  • Pseudonymous market analyst MacroScope revealed the news on Twitter.
  • Morgan Stanley’s shares are estimated to be more than 1 million GBTC.

U.S. Securities and Exchanges Commission (SEC) filings show that prominent bank Morgan Stanley holds shares of the Grayscale Bitcoin Trust (GBTC). According to a pseudonymous market analyst with the handle MacroScope, the bank owns large amounts distributed into multiple portfolios.

According to the SEC files, 30 funds from Morgan Stanley hold large amounts of GBTC shares. The largest is Morgan’s Insight Fund — holding over 928,051 GBTC. This is worth around 36 million USD.

Aside from this, several funds also contain GBTC. Among these are the Morgan Stanley Variable Insurance Fund, Morgan Stanley Institutional Fund Inc, the Morgan Stanley Institutional Trust, and some others.

The event didn’t really come as a surprise. Back in June, the analyst Macroscope also mentioned in another tweet “In coming weeks, I expect to see multiple Morgan Stanley funds report new positions in Grayscale Bitcoin.”

Other major institutions have also been starting to pour into crypto investments. Some of the most notable of these are Microstrategy and Tesla.

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Joseph Joestar is a CoinQuora contributor. He works in various blockchain marketing content projects, specializing in written content such as technical whitepapers, press releases, and articles.