Morgan Stanley’s investment funds have extended their exposure to Bitcoin by purchasing shares in Grayscale Bitcoin Trust.

According to filings with the US Securities and Exchange Commission, the Morgan Stanley Insight Fund increased its holdings of Grayscale Bitcoin Trust, or GBTC, shares by more than 63 percent from 928,051 in the second quarter of 2021 to 1,520,549 as of Sept. 30, according to digital currency news portal Cointelegraph.

Furthermore, according to documents on the business’s Growth Portfolio, the firm held 3,642,118 GBTC shares in the third quarter of 2021, up 71 percent from 2,130,153 shares in Q2.

According to the report, Morgan Stanley Global Opportunity Portfolio had 1,463,714 GBTC, up 59 percent from 919,805 shares in three months.

According to the article, the price of GBTC was US$45.72 at the time of publishing, putting the investment bank’s exposure to Bitcoin (BTC) across all three funds at around US$303 million, with 6,626,381 shares as of Sept. 30.

For all of September, the BTC price remained below US$50,000, but the digital currency has since risen to a record peak of US$69,000 before falling to US$56,000s.

The corresponding portfolios and funds, according to Cointelegraph, enable Morgan Stanley to obtain access to BTC without directly investing in the digital currency.

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