Morgan Stanley equity fund owns 28.2K shares of Grayscale Bitcoin Trust, per SEC
Morgan Stanley announced it has launched a dedicated institutional-grade cryptocurrency fund, which will invest in a bitcoin-based investment vehicle. The fund will be exclusively for institutional investors and will receive an equity stake in the Grayscale Bitcoin Trust.
Morgan Stanley, a global financial services firm, wants to take a step back from tech stocks and become a more traditional asset manager. In order to do that, it is going to look for investments in the same kind of things that can be found in any traditional fund: assets that will earn a return over time and can be sold at a profit. A traditional fund is not generally expected to be in a company that will be around for the next 100 years, but its investments are expected to provide a return over time. This is what Morgan Stanley is looking to do with its new fund. The new fund is called the Morgan Stanley Equity Index Fund. This is the new name for the Morgan Stanley Technology Index Fund, which is what Morgan Stanley was previously
Morgan Stanley equity fund and Grayscale Bitcoin Trust both have ownership information from the same SEC filing.. Read more about how much bitcoin is grayscale buying and let us know what you think.
Wall Street investment bank Morgan Stanley has gained access to bitcoin (BTC) through Grayscale, another indication of the broader adoption of digital assets by institutional investors.
The Morgan Stanley Europe Opportunity Fund, which invests in well-known and emerging companies in Europe, had a total portfolio of 1.5 billion euros. April 28, 298 shares of Grayscale Bitcoin Trust, or GBTC, according to a filing on the 28th. June with the U.S. Securities and Exchange Commission. At the current GBTC price of $29.68, Morgan Stanley’s exposure is worth about $840,000.
At the end of April, the value of the exhibit was more than $1.3 million, according to the report.
Morgan Stanley’s Europe Opportunity Fund seeks to maximize capital growth by investing in assets that the investment team believes are undervalued at the time of purchase.
Grayscale is the world’s largest crypto asset manager with $29 billion in assets under management. The Grayscale Bitcoin Trust accounts for the lion’s share of assets – more than $21.7 billion.
UPDATE OF 25/06/21 : Net assets under management, holdings per share and market price per share for our investment products.
Related: Bitcoin selling pressure could drop to zero in July thanks to Grayscale’s massive 16,000 BTC release.
According to Cointelegraph, Morgan Stanley has tried to make a more direct impact on bitcoin this year. In April, the investment bank added bitcoin exposure for 12 mutual funds through Grayscale and cash-settled futures contracts. At the time, the Europe Opportunity Fund was not mentioned as a potential investment target for bitcoin. However, the company has added several portfolios of opportunities focused on Asia and global markets.
Earlier this month, Morgan Stanley made its first investment in blockchain, leading a Series B funding round of $48 million for Securitize, a tokenization-based platform.Morgan Stanley, one of the largest investment firms in the world, is the latest firm to get a piece of the growing market for cryptocurrencies. The financial giant’s private equity unit, Capital International, recently invested more than $28 million in the Bitcoin Investment Trust. The fund is the first publicly traded vehicle for holding the digital currency.. Read more about grayscale bitcoin trust canada and let us know what you think.
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