Banking giant Morgan Stanley is significantly increasing its holdings of the digital currency investment product Grayscale Bitcoin Trust (GBTC).
GBTC gives institutional investors exposure to Bitcoin (BTC), and to date Grayscale has $36.6 billion in assets under management.
Citing information from Morgan Stanley’s filings with the U.S. Securities and Exchange Commission (SEC), market analyst MacroScope reports that the financial giant is ramping up shares of three of its funds with the largest GBTC holdings.
