A recent filing with the United States Securities and Exchange Commission (SEC) reveals that the international banking behemoth Morgan Stanley has an increased appetite for BTC, even as the price of the cryptocurrency goes up.
According to several filings with the SEC, Morgan Stanley has substantially increased its BTC exposure. The company has done so through buying additional shares of the Grayscale Bitcoin Trust (GBTC).
Summarizing the difference between the shares Morgan Stanley held back in June compared to now was popular Twitter account MacroScope.
Growth Portfolio (as of June 30): 2,130,153 shares
Growth Portfolio (as of Sept 30): 3,642,118 shares
Insight Fund (as of June 30): 928,051 shares
Insight Fund (as of Sept 30): 1,520,549 shares
Global Opportunity Portfolio (as of June 30): 919,805 shares
Global Opportunity Portfolio (as of Sept 30): 1,463,714 shares
It appears that Mogan Stanley is making serious efforts towards onboarding existing and future clients to Bitcoin.
CryptoPotato reported earlier that they published a comprehensive guide detailing the intricacies of cryptocurrencies to its wealth management clients.