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Coin Edition 2024-05-17 06:35:20

Morgan Stanley Bets BIg on Crypto with $270 Million GBTC Stake

In a sign of growing mainstream adoption, financial giant Morgan Stanley revealed a hefty $269.9 million investment in Bitcoin through Grayscale’s GBTC trust, as disclosed in its first-quarter 13F filing. And as per CNBC, This positions the bank as a major holder of GBTC, trailing only Susquehanna International Group’s $1 billion stake. Morgan Stanley’s move The post Morgan Stanley Bets BIg on Crypto with $270 Million GBTC Stake appeared first on Coin Edition .

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