As of April 30, Morgan Stanley European Opportunity Fund invested in mature and emerging companies throughout Europe, holding 28,298 shares of Grayscale Bitcoin Trust (GBTC). according to Documents filed with the U.S. Securities and Exchange Commission on June 28. Based on the current GBTC price of US$29.68, Morgan Stanley’s exposure value is approximately US$840,000.
The documents show that as of the end of April, the value of the risk exposure exceeded US$1.3 million.
Morgan Stanley European Opportunity Fund Designed Seek maximum capital appreciation by investing in “assets that the investment team believes to be undervalued at the time of purchase”.
Grayscale is so far in the world biggest An encrypted asset management company that manages $29 billion in assets. Grayscale Bitcoin Trust accounts for the largest share of assets, exceeding $21.7 billion.
Update on June 25, 21: Net assets under management, holdings per share and market price per share of our investment products.
-Grayscale (@Grayscale) June 25, 2021
As Cointelegraph reported, Morgan Stanley has been seeking more direct exposure to Bitcoin this year. In April, investment bank Increased Bitcoin exposure to 12 investment funds Futures settled by grayscale and cash. At the time, the European Opportunity Fund was not listed as a potential target for Bitcoin investment. However, the company does include several “opportunity” portfolios for Asian and global markets.
Earlier this month, Morgan Stanley First capital investment in blockchain Co-led the $48 million Series B financing of Securitize, a tokenization platform supported by Coinbase.