{"id":48304,"date":"2021-08-26T10:17:44","date_gmt":"2021-08-26T07:17:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48304"},"modified":"2025-09-02T01:33:13","modified_gmt":"2025-09-01T22:33:13","slug":"morgan-stanley-increases-stake-in-grayscale-bitcoin-trust","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/morgan-stanley-increases-stake-in-grayscale-bitcoin-trust\/","title":{"rendered":"Morgan Stanley increases stake in Grayscale Bitcoin Trust"},"content":{"rendered":"<p>One of the largest US banks, Morgan Stanley, opened a position in the Grayscale Bitcoin Trust (GBTC) across various funds available to its clients.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">In SEC filings, Morgan Stanley has just reported owning a large amount of Grayscale Bitcoin across multiple portfolios. <\/p>\n<p>The largest of these appears to be 928,051 shares held by Morgan\u2019s Insight Fund. <\/p>\n<p>These are major disclosures.<\/p>\n<p>Link to all filings:<a href=\"https:\/\/t.co\/Vi4iiBa5J5\">https:\/\/t.co\/Vi4iiBa5J5<\/a> <a href=\"https:\/\/t.co\/FZfU8qS0TX\">pic.twitter.com\/FZfU8qS0TX<\/a><\/p>\n<p>\u2014 MacroScope (@MacroScope17) <a href=\"https:\/\/twitter.com\/MacroScope17\/status\/1430632457875992579?ref_src=twsrc%5Etfw\">August 25, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Morgan Stanley Insight Fund led the way, purchasing 928,051 GBTC shares. Their value stood at $27,665,000, equivalent to 0.34% of its assets under management (AUM).<\/p>\n<p>In addition to the Morgan Stanley Insight Fund, other Morgan Stanley investment vehicles \u2014 Morgan Stanley Institutional Fund and Morgan Stanley Variable Insurance Fund \u2014 also held bitcoin indirectly.<\/p>\n<p>Such investments can reach up to 25% of AUM, according to the <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/836487\/000110465921044979\/a21-8652_27497.htm\">documents<\/a> for the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span>.<\/p>\n<p>On June 25, the JPMorgan Large Cap Growth Fund acquired 62,589 shares of Coinbase. Their value was $15,853,794.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">JPMorgan Large Cap Growth Fund discloses ownership of 62,589 shares of Coinbase as of June 30.<\/p>\n<p>Filing:<a href=\"https:\/\/t.co\/F4FefdUdtj\">https:\/\/t.co\/F4FefdUdtj<\/a><\/p>\n<p>\u2014 MacroScope (@MacroScope17) <a href=\"https:\/\/twitter.com\/MacroScope17\/status\/1430293166532485120?ref_src=twsrc%5Etfw\">August 24, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In June, Morgan Stanley<a href=\"https:\/\/forklog.com\/en\/news\/morgan-stanley-reveals-stake-in-grayscale-bitcoin-trust\"> opened<\/a> a position in the Grayscale Bitcoin Trust for $1.3 million through another subsidiary, Morgan Stanley Europe Opportunity Fund.<\/p>\n<p>Earlier in March 2021 CNBC<a href=\"https:\/\/forklog.com\/en\/news\/morgan-stanley-first-among-major-u-s-banks-to-offer-clients-access-to-bitcoin-funds\"> sources <\/a> reported plans for Morgan Stanley to give accredited investors with at least $2 million in capital access to bitcoin funds. The bank limited investments in these instruments to 2.5% of its own capital.<\/p>\n<p>A month later, in an SEC filing <a href=\"https:\/\/forklog.com\/en\/news\/morgan-stanley-did-not-rule-out-adding-bitcoin-futures-to-its-own-funds\"> did not rule out<\/a> adding derivatives on Bitcoin in 12 of its own funds.<\/p>\n<p>In June, New York Digital Investment Group and FS Investments <a href=\"https:\/\/forklog.com\/en\/news\/morgan-stanley-clients-to-invest-in-nydig-bitcoin-fund\"> filed<\/a> with the SEC an application to register a bitcoin fund intended for Morgan Stanley clients.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the largest US banks, Morgan Stanley, opened a position in the Grayscale Bitcoin Trust (GBTC) across various funds available to its clients.<\/p>\n","protected":false},"author":1,"featured_media":48305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1214,943,873],"class_list":["post-48304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-grayscale-bitcoin-trust","tag-grayscale-investments","tag-morgan-stanley"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=48304"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48304\/revisions"}],"predecessor-version":[{"id":48306,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48304\/revisions\/48306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/48305"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=48304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=48304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=48304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}