Bitcoin Daily: Morgan Stanley Doubles Shares in GTBC; R3 to Debut Privacy Solution for Blockchain
Morgan Stanley has doubled the ownership it has in Grayscale Bitcoin Trust (GBTC) shares since April, AMBCrypto reported.
The bank, in a filing with the U.S. Securities and Exchange Commission (SEC), said its Morgan Stanley Europe Opportunity Fund owned 58,116 shares of the GBTC as of the end of July, according to the report. Earlier this year, that number was 28,289 for the fund.
The asset manager has been adding more crypto to its arsenal for the past year, with the bank announcing in April its addition of bitcoin exposure to 12 institutional funds through Grayscale and Futures. Those funds currently have 6.5 million GBTC shares, the report stated.
In other news, R3, which operates the Corda blockchain, is rolling out a private, permissionless network as a layer 2 solution on ethereum, Ledger Insights reported.