Morgan Stanley's funds hold over 28,000 shares of GBTC, accounting for approximately 0.5% of the total fund.

According to documents from the U.S. Securities and Exchange Commission (SEC), the European Opportunity Fund under financial giant Morgan Stanley purchased 28,000 shares of GBTC in April, accounting for approximately 0.5% of the total fund.

Morgan Stanley Europe Opportunity Fund Acquires 28,000 Shares of GBTC

In a filing submitted to the U.S. Securities and Exchange Commission (SEC) on June 28th, Morgan Stanley disclosed the holdings of its Europe Opportunity Fund in April of this year. According to the document, as of April 30th, the fund had acquired over 28,000 shares of Grayscale's Bitcoin Trust product (GBTC), valued at $1.3 million, accounting for approximately 0.5% of the total fund.

The Morgan Stanley Europe Opportunity Fund has shown consistent performance since 1997. At the time of the filing, the fund's assets under management were approximately $246 million. According to Morgan Stanley'sdescription of the Europe Opportunity Fund, the fund aims to maximize capital appreciation by primarily investing in high-quality established and emerging companies in Europe that the investment team believes are undervalued at the time of purchase.

Additionally, the investment team integrates disruptive innovation capabilities, financial strength, environmental and social externalities, and governance (also known as ESG) sustainability analysis in selecting companies or targets with sustainable competitive advantages.

In fact, as early as April of this year, Morgan Stanley had submitted anapplication to regulators seeking approval for certain funds under its management (including institutional funds, institutional fund trusts, Europe Opportunity Fund, Insight Fund, and Variable Insurance Fund) to invest in cash-settled bitcoin futures contracts and Grayscale's Bitcoin Trust funds. According to the document, each fund can invest up to 25% of its total assets in bitcoin-related products.