Since April they have been investing in GBTC. MS has been very active in the crypto space over the past few months just by setting up funds to be dedicated to buying (direct or indirect) Bitcoin and cryptos.
As for indirect purchases on BTC, Morgan Stanley established the Institutional Fund, Institutional Fund Trust, Insight Fund, and Variable Insurance Fund just last April. Each of these funds can invest up to 25% of its assets in bitcoin.
In March, Morgan Stanley had instead established the first fund of its kind, the FS NYDIG Select Bitcoin Fund, which attracted nearly $30 million from investors.
It was the first major U.S. bank to offer its clients the direct purchase of fund shares that allow them to take a position in Bitcoin.
An old jurassic monster, eating the revolutionary meal.