The Morgan Stanley Investment Fund owns 28.2k shares in the Grayscale Bitcoin Trust, according to the SEC

Wall Street investment bank Morgan Stanley exposed Bitcoin (BTC) via Grayscale, providing further evidence of wider institutional adoption of the digital asset.

The Morgan Stanley European Opportunity Fund, which invests in established and emerging companies across Europe, owns 28,298 shares of Grayscale Bitcoin Trust (GBTC) as of April 30, according to an April 28 filing with the US Securities and Exchange Commission Message appears. At the current GBTC price of $ 29.68, Morgan Stanley is worth around $ 840,000.

As of the end of April, engagement was more than $ 1.3 million, according to the filing.

Morgan Stanley’s European Opportunity Fund seeks to maximize capital appreciation by investing in assets that “the investment team believes are undervalued at the time of purchase”.

Grayscale belongs to the world so far greatest Crypto asset management with $ 29 billion in assets under management. Grayscale Bitcoin Trust takes the lion’s share of the assets at over $ 21.7 billion.

UPDATE 6/25/21: Net Assets Under Management, Ownership per Share and Market Price per Share for our investment products.

Total assets: $ 29.0 billion$ BTC $ BCH $ ETH $ ETC $ ZEN $ LTC $ XLM $ ZEC $ BAT $ LINK $ MANA $ FIL $ LPT pic.twitter.com/Oq4NzO4H90

– grayscale (@grayscale) June 25, 2021

Connected: Bitcoin’s selling pressure could go to zero in July thanks to Grayscale’s massive 16k BTC unlock

As reported by Cointelegraph, Morgan Stanley has sought more direct exposure to Bitcoin this year. In April, the investment bank added bitcoin to 12 mutual funds via grayscale and cash settled futures. At the time, the European Opportunity Fund was not listed as a potential target for Bitcoin investing. However, the company has added several portfolios of “Opportunities” targeting Asian and global markets.

Earlier this month, Morgan Stanley made its first capital investment in blockchain by leading a $ 48 million Series B funding round for Securification, a Coinbase-backed crypto platform.