Morgan Stanley has purchased over 28,000 shares of Grayscale Bitcoin Trust
American investment bank Morgan Stanley has purchased 28,289 shares of Grayscale Bitcoin Trust through its Europe Opportunity Fund.
Morgan Stanley has been increasingly active in the cryptocurrency space during recent months to meet fulfil the growing demand from clients.
Back in April, the investment firm rolled out a handful of its funds to invest indirectly in bitcoin through cash-settled futures contracts and Grayscale’s Bitcoin Trust, including the Institutional Fund, Institutional Fund Trust, Insight Fund, and Variable Insurance Fund.
Each fund may invest up to 25% of its assets in bitcoin, according to earlier Securities and Exchange Commission (SEC) filings.
The Europe Opportunity Fund is a group of Europe-based companies in the technology and non-technology space, and other investments.
In March, Morgan Stanley debuted bitcoin investment fund products for high-profile clients and started hiring professionals for cryptocurrency and blockchain roles.