Morgan Stanley Doubles its Stake in Grayscale Amid China’s Crypto Crackdown

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American multinational investment bank and financial services company, Morgan Stanley has doubled its stake in Grayscale Bitcoin Trust (GBTC) despite the latest crackdown on the premier cryptocurrency by Chinese regulators. As unveiled by market analyst, MacroScope, drawing on the company’s latest filing with the US Securities and Exchange Commission (SEC), the banking giant, through the Morgan Stanley Europe Opportunity Fund reported 58,116 shares of Grayscale BTC as of July 31. 
The company’s portfolio was placed at just about 28,289 shares earlier this year, showcasing how bullish the firm has been when it comes to gaining exposure to the digital currency ecosystem. 

In an SEC filing today, Morgan Stanley Europe Opportunity Fund reported 58,116 shares of Grayscale BTC as of July 31.
It reported 28,289 shares earlier this year.
Multiple MS institutional portfolios reported Grayscale BTC positions in Aug.
Filing:https://t.co/g55TBgSj0Q
— MacroScope (@MacroScope17) September

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