Morgan Stanley owns 28,000 shares of GBTC.
That might sound impressive but it is "only" about $1.3 million. It is a rounding error for a bank of that size.
However, if does show they are in the game, even if only dipping their toe in.
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That's true. Not a lot for a bank, but it's interesting to see these very traditional banks looking to see what the fuzz is all about
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Do you think it could be part of their ease into the cryptospace? They could possibly have it covered by the custodial services so its not really their money.
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If that is their custodial service, that is pretty pathetic. Think about it, that could be one client.
I have a feeling they were just getting their toes wet, seeing how it all went. A bit of exposure before a bigger leap into it.
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Testing the waters. Must be okay with all the people jumping around in it.
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