According to an SEC filing, Megabank Morgan Stanley has acquired 28,289 shares of Grayscale Bitcoin Trust via its Europe Opportunity Fund.
Morgan Stanley is more and more active in the crypto sphere as a result of increased demand from clients.
Starting with April, the company began allowing some of its funds to invest indirectly in BTC via cash-settled futures contracts and Grayscale’s Bitcoin Trust, such as the Institutional Fund, Insight Fund, Institutional Fund Trust, and Variable Insurance Fund.
All of these funds are allowed to invest up to 25% of their assets in BTC.
Source: CoinDesk.com