Morgan Stanley Sells GBTC, Buys $187M in BlackRock’s IBIT: Bitcoin Price Analysis

Aug. 15, 2024, 4:54 p.m. 4 months, 1 week ago

Morgan Stanley Sells GBTC, Buys $187M in BlackRock’s IBIT: Bitcoin Price Analysis. Morgan Stanley shifts gears, offloading GBTC in favor of a $187M stake in BlackRock’s IBIT, sparking fresh debates on Bitcoin's future direction.

Who, What & Where

Bitcoin

The first decentralized digital currency, created by an unknown person or group …

BlackRock

BlackRock, the world's largest asset manager, has exhibited a cautious yet evolving …

Grayscale Bitcoin Trust

GBTC stands for the Grayscale Bitcoin Trust. It is a financial product …