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Benzinga
Benzinga
Business
Samyuktha Sriram

Morgan Stanley Now Owns More Shares In World's Largest Bitcoin Fund Than Cathie Wood's Ark

Wall Street banking giant Morgan Stanley (NYSE: MS) has been increasing its stake in the world’s largest Bitcoin (CRYPTO: BTC) fund —the Grayscale Bitcoin Trust (OTC: GBTC).

What Happened: According to regulatory filings seen by Blockworks last week, Morgan Stanley owns more than 13 million shares of GBTC, which it holds across 17 portfolios. These shares were worth more than $370 million as of Thursday morning.

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