MSIM was biggest Grayscale investor on eve of bitcoin rout
Cathie Wood’s Ark and Horizon Kinetics were the other largest investors in trust that lost 61% in Q2
Morgan Stanley Investment Management (MSIM), Ark Invest and Horizon Kinetics Asset Management were the mutual funds holding the biggest positions in the world’s most important collective investment vehicle for bitcoin just before prices tanked, according to an analysis of regulatory filings.
Mutual funds run by the three asset managers held positions in the Grayscale Bitcoin Trust (GBTC), an off-exchange investment trust, with a total mark-to-market value of $682 million as of March 31, 2022
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