Banking Giant Morgan Stanley Boosts Grayscale Bitcoin Trust Investment

Amidst another market correction, US banking giant Morgan Stanley increases Grayscale Bitcoin Trust Investment.

GBTC is offering institutional investors exposure to Bitcoin, and until now, they have $36,6 billion in assets under management.

It’s been just revealed that market analyst MacroScope reported that the financial giant is boosting shares of three of its funds with the most significant GBTC holdings.

Check out this relevant tweet below.

It’s also worth noting the fact that the growth portfolio has the highest increase in investment. Here’s the tweet that details more about this:

They continued and revealed the following:

“here are the changes that were just disclosed: 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 (continued).”

One other thing that is worth noting is that Morgan Stanley doubled the number of GBTC shares earlier this year.

BTC is seeing another correction

As we said at the beginning of this article, BTC is undergoing another correction.

At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $54,894.

Meanwhile, BTC adoption continues, and El Salvador just bought the dip once again. Here’s the president’s tweet below:

This is an important move from the country, and investors are hoping that it will become an example for others as well.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.
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