Mystery filings using Grayscale’s name suggest the multi-billion dollar firm may be looking to expand the number of Trusts.
Morgan Stanley now owns 792,627 shares in the company best known for using its treasury funds to load up on bitcoin.
Bitwise, a provider of crypto index funds, said it has now surpassed $500 million in assets under management.
Massachusetts Mutual has made a $100 million investment in bitcoin and a $5 million equity stake in New York Digital Investments Group.
The news follows Bitwise withdrawing its SEC application for a Bitcoin Exchange-Traded Fund earlier this year.
“I think a new investor could put 5% into Bitcoin. Bitcoin’s not going back to zero.”
“I’ve bought quite a few cryptocurrencies that turned out to be disasters.”
A crypto fund is buying up Bitcoin at a major discount in a high-risk, high-return game. What are the odds of outperforming BTC itself?
The entry of firms like Square, MicroStrategy and Stone Ridge may open the BTC floodgates and provide “confidence for the rest to follow.”
Stock of three major cryptocurrency mining firms are appearing in Fidelity, Vanguard and Charles Schwab mutual funds.