Morgan Stanley Makes Additional Investment in Grayscale Bitcoin Trust

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US bank Morgan Stanley has opened a position with the Grayscale Bitcoin Trust (GBTC) in multiple funds available to its clients.

The largest investment was in the Morgan Stanley Insight Fund, which acquired 928,051 GBTC shares. Their valuation was $27,665,000, which is equivalent to 0.34% of the assets under management of the bank (AUM).

In addition to the Morgan Stanley Insight Fund, other investment bank structures – Morgan Stanley Institutional Fund and Morgan Stanley Variable Insurance Fund – have started to hold Bitcoin indirectly.

These investments can reach up to 25% of the company’s AUM.