By Max S - Cryptocurrency Speculator - 26-08-2021
The latest news for investing in cryptocurrency, the Morgan Stanley Fund reportedly holds over 1 million Grayscale Bitcoin Trust, recently making the firm a large sum of money.
The GBTC is a crypto market investment that traders can use, purchase and sell from their wallets. The asset began registering its shares with the Securities and Exchange Commission (SEC) back in January 2020; the Trust became the first crypto investment to become a SEC reporting company. The reason for the GBTC achieving the status as a reporting company is because it allows anyone who has shares in the Trust to access early-bird opportunities for liquidity.
Reportedly, as stated within SEC filings, the Morgan Stanley Fund companies own a significant amount of GBTC within its portfolio. According to the SEC, Morgan Stanley owns the largest amount of Grayscale Bitcoin Trust shares with around 928,051 GBTC in its investment collection. The companies entire share stock is roughly valued at $36 million. Market analyst MacroScope has further confirmed that the Morgan Stanley Institutions does own the largest about of GBTC stock.
GBTC is found in several funds all owned by the same institution. A few funds to mention are the Morgan Stanley Variable Insurance Fund, the Morgan Stanley Institutional Fund Inc, and Morgan Stanley Institutional Trust; these funds are part of many chains that own a portion of GBTC.
If you are looking to Buy and Sell Cryptocurrency, but you’re not sure where’s the best place to buy Bitcoin (BTC) in the UK? You can head over to BC Bitcoin, where you can chat to a team member to get you started today.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards