Morgan Stanley Bags Over 58,000 GBTC Shares As Bitcoin Price Shakes

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,168,133,378,941	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,168,133,378,941

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	505.15	0.85%	59,626.35	59,625.09	59,626.33

Price Change

Price Change %

Current Price

Bid Price

Offer

505.15

0.85%

59,626.35

59,625.09

59,626.33

High Price	Low Price	Open Price	Prev. Close	52 Week Range
60,016.90	58,821.05	59,076.58	59,121.20	24,750.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

60,016.90

58,821.05

59,076.58

59,121.20

24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	06:22:47	0.000083	59,626.34	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

06:22:47

0.000083

59,626.34

USD

Price x Volume	Volume	Base Symbol	Related Pairs
143,905,552.71	2,417.15	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

143,905,552.71

2,417.15

Morgan Stanley Bags Over 58,000 GBTC Shares As Bitcoin Price Shakes

28/09/2021 3:59pm

NEWSBTC

As Bitcoin and other cryptos gain more credence, many top shots in diverse industries embrace the crypto community. Many companies, including Tesla, had accepted BTC payments once, and even a country like El Salvador is now using it as a legal tender. So, it’s not surprising that Morgan Stanly, an extensive American Investment bank, will buy shares of a Bitcoin Trust. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course In a recent development, the bank acquired 58,000 shares of Grayscale Bitcoin Trust. It had previously owned some shares of the Trust, including the 28,289 shares bought earlier in 2021. This latest addition has increased the number of shares that the bank holds across many portfolios. The investment bank disclosed this latest purchase through an SEC filing showing that it bought the shares on July 31, 2021. At the time of writing, the price of Grayscale BTC Trust stands at $32.55. The bank “Insight Fund” holds 928,051 shares which depicts a $31.7 million worth of shares for one of Morgan Stanley’s portfolios. The Grayscale Bitcoin Trust is currently trading in a downward momentum | Source: GBTCUSD on TradingView.com The bank’s announcement in April 2021 has added Bitcoin assets to at least 12 of its funds through the Grayscale BTC Trust plus Cash-settled Futures. The accumulated figure shows 6.5 million GBTC shares. Companies Holding Grayscale’s Bitcoin Trust Apart from Morgan Stanley, another investment bank pushing into BTC exposure is JP Morgan. It is the second-largest GBTC shareholder, while Cathie Woods Ark Investment remains in the first position to date. Related Reading | Bitfinex To Roll Out Security Token Offerings (STOs) Platform In Kazakhstan The firm disclosed in July that it had added over 450,000 GBTC shares in two purchases. Many others with GBTC shares include Goldman Sachs, JP Morgan, and BlackRock. Featured Image from Pixabay, chart from TradingView.com

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