Morgan Stanley Europe Opportunity Fund Reports Doubling Bitcoin Holdings

The $4 trillion asset manager is one of many large financial institutions, including JPMorgan and Goldman Sachs, seeking to meet client demand for exposure to the digital asset class.

article-image

Source: Shutterstock

share

key takeaways

  • MS institutional portfolio reported holding 28,289 Grayscale BTC (GBTC) shares earlier this year
  • Morgan’s Insight Fund reportedly has the largest amount of GBTC, holding 928,051 shares (about $36 million) as of June.

Morgan Stanley Europe Opportunity Fund reported holding 58,116 shares of Grayscale Bitcoin Trust (GBTC) as of July 31, according to an SEC filing on Monday. Earlier this year, the fund reported holding 28,289 shares.

The filings reveal that Morgan Stanley has owned sizable amounts of GBTC across multiple institutional portfolios. Morgan’s Insight Fund reportedly has the largest amount, holding 928,051 shares, equivalent to roughly $31 million, as of June.

Loading Tweet..

This isn’t the $4 trillion-asset manager’s first foray into crypto. The news comes after Morgan Stanley confirmed in April that it was offering clients exposure to bitcoin and previously announced that it was one of the participating investors in NYDIG’s $200 million fundraising round. 

Morgan Stanley is one of many financial institutions seeking to meet client demand for exposure to the digital asset class, including JPMorgan, Goldman Sachs, and BlackRock, to name a few.

Morgan Stanley did not immediately respond to Blockworks’ request for comment.

Tags

Upcoming Events

HYATT REGENCY SALT LAKE CITY

TUES, OCT. 8, 2024

Guided by the expertise of Blockworks Research Analysts team, this one day event will feature senior leaders, entrepreneurs, and developers from across the crypto industry. Attendees will have the opportunity to participate in an immersive experience to explore the latest trends, […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

hivemapper.jpeg

Research

We believe crypto market participants overlook Hivemapper’s fundamental potential due to a poor understanding of both the niche map data market and Hivemapper’s positioning relative to incumbents. Hivemapper’s token model catalyzes both a cost and product advantage via unmatched map freshness and near real-time accuracy, which is its wedge into a market characterized by stale data and high data collection costs. Its current and potential future product suite may represent one of the strongest possibilities for PMF in crypto today.

article-image

👨‍⚖️ SBF’s courtroom sequel: Plus, Coinbase’s legal loss was DeFi’s gain

article-image

Public mining companies have been acquiring sites, refreshing machine fleets and diversifying business models in preparation for the event

article-image

Exploit shows centralization can sometimes be an asset

article-image

The Fidelity Ethereum Fund, like other proposed ETH ETFs, seeks to stake a portion of its assets, according to the firm’s Wednesday registration statement

article-image

The DAO first voted on enabling SAFE transfers over a year ago