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GRAYSCALE BITCOIN TRUST
At a current GBTC price of $29.25, Morgan Stanley’s exposure is worth approximately $828,000.
Grayscale CEO recently revealed the pension industry joining hedge funds and other institutional firms in gaining exposure to Bitcoin.
Wall Street giant that has about $295 billion assets under management is seeking permission for one of its funds to take a substantial stake in Bitcoin.
Cryptocurrency hedge fund, Grayscale Investments now holds more than 500,000 Bitcoins in its Bitcoin Trust.
Grayscale Investments has had impressive growth after registering its third consecutive record-breaking quarter.