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Morgan Stanley doubles exposure to Bitcoin through Grayscale shares

Morgan Stanley doubles exposure to Bitcoin through Grayscale shares



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  1. tldr; US investment bank Morgan Stanley has more than doubled its shares of Grayscale Bitcoin Trust since April. The firm’s Europe Opportunity Fund, which invests in established and emerging companies throughout Europe, owned 58,116 shares of GBTC as of July 31. Morgan Stanley reported that the shares cost $2.4 million.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. The difficulty for these large institutions is the requirement to rebalance portfolios. If they need to keep to a maximum 2% bitcoin allocation to please investors then it may be preferable to invest far less than this given the expected enormous price rises relative to other assets. Otherwise, they will be forced to liquidate their bitcoin positions at unfavourable and awkward times simply due to relative value

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