The international banking giant Morgan Stanley has an increased appetite for BTC as the price of the cryptocurrency surges, according to a report by CryptoPotato on Wednesday.

  • Recent filings with the SEC disclosed that Morgan Stanley has increased its BTC exposure. The company bought additional shares of the Grayscale Bitcoin Trust (GBTC).
  • Morgan Stanley’s shares in three key funds have grown significantly from June 30, 2021, to September 30, 2021.
  • The shares of the Growth Portfolio rose from 2,130,153 shares in June to 3,642,118 shares in September, this year.
  • The shares of Insight Fund grew from 928,051 shares in June to 1,520,549 shares in September.
  • In the same period, the Global Opportunity Portfolio expanded from 919,805 shares to 1,463,714 shares.

The bank is making massive efforts towards onboarding existing and future clients to Bitcoin. BTC USD up +1.05%.