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Morgan Stanley has bought more than 28,000 shares in Bitcoin GrayScash Fund


Documents from the US Securities and Exchange Commission (SEC) show that a Morgan Stanley-affiliated investment fund has bought more than 28,000 shares of the GrayScale Bitcoin Fund.

to the the report The Block, a Morgan Stanley-owned Europe Opportunity Fund, has bought 28,189 shares of GrayScale Bitcoin Investment Fund. The value of these shares is about $ 1.3 million. The Opportunity Fund provides investment services to many European companies. Morgan Stanley announced in April that it had allowed some of its affiliates to invest in a variety of financial instruments. Morgan Stanley Institutional Investment Fund and Insight Fund are among the other funds that the company has licensed to invest. This license includes investing in tools that are indirectly related to Bitcoin.

Published documents show that Morgan Stanley has allowed some affiliates to invest up to 25 percent of their total managed capital in digital currencies.

Gary Skill, the world’s largest digital currency investment fund, allows large corporations to invest safely and without legal hassle. GraySchill shares often differ from the price of bitcoins in instant exchanges.

Assets under Skill Management have declined in recent months as the digital currency market has collapsed. Recent data show that Bitcoin GrayScill Fund has $ 21 billion in managed capital.

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