Bitcoin exposure, morgan stanley, morgan stanley bitcoin, morgan stanley bitcoin futures, morgan stanley gbtc, morgan stanley grayscale, morgan stanley mutual funds, ms, mutual funds

Morgan Stanley has filed with the U.S. Securities and Exchange Commission (SEC) to add bitcoin exposure to 12 of its mutual funds’ investment strategies. These mutual funds may invest in bitcoin futures as well as obtain indirect exposure to the cryptocurrency through investments in Grayscale Bitcoin Trust, the filing details.

Bitcoin Exposure for 12 Morgan Stanley Mutual Funds

Morgan Stanley Institutional Fund Inc., the asset management division of Morgan Stanley, filed a statement of additional information supplement with the U.S. Securities and Exchange Commission (SEC) on Wednesday. The purpose of the filing is to enable 12 of the investment bank’s mutual funds to start adding exposure to bitcoin.

The company explained that “Bitcoin Exposure†has been added to the “Investment Policies and Strategies†of 12 mutual fund portfolios, under “Other Securities and Investment Strategies†section.

The mutual funds that may start adding bitcoin exposure are Advantage Portfolio, Asia Opportunity Portfolio, Counterpoint Global Portfolio, Developing Opportunity Portfolio, Global Advantage Portfolio, Global Permanence Portfolio, Global Opportunity Portfolio, Growth Portfolio, Inception Portfolio, International Advantage Portfolio, International Opportunity Portfolio, and Permanence Portfolio.

The filing describes:

Furthermore, the filing details that each portfolio “may gain exposure to bitcoin and other assets by investing up to 25% of its total assets in a wholly-owned subsidiary of the fund organized as a company under the laws of the Cayman Islands.†In addition, “Each subsidiary may invest in GBTC, cash-settled bitcoin futures and other investments.â€

Regarding the futures contracts based on BTC that some funds may invest in, the filing clarifies that “The only bitcoin futures in which a fund may invest are cash settled bitcoin futures traded on futures exchanges registered with the CFTC [the U.S. Commodity Futures Trading Commission].â€

Recently, Morgan Stanley revealed that it will be offering wealthy clients access to three bitcoin investment funds. In February, the firm’s head of emerging markets and chief global strategist said, “cryptocurrencies are here to stay as a serious asset class.â€

What do you think about Morgan Stanley adding bitcoin exposure to its mutual funds? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

RELATED NEWS

Morgan Stanley Says Central Bank Digital Currencies Not a Threat to Cryptocurrencies

Major investment bank Morgan Stanley believes that central bank digital currencies are not a threat to the existence of cryptocurrencies. The bank believes that both types of digital currencies can coexist because they serve different purposes and have different appeals. Cryptocurrencies and CBDCs Can Coexist Morgan Stanley’s analysts, including chief economist Chetan Ahya, discussed the […]

Xem chi tiết: Morgan Stanley Says Central Bank Digital Currencies Not a Threat to Cryptocurrencies

Goldman Sachs to Offer ‘Full Spectrum’ of Bitcoin Investments

Goldman Sachs has revealed that it will be offering bitcoin investments to its wealth management clients. The investment bank reportedly plans to offer a “full spectrum†of bitcoin investments, “whether that’s through the physical bitcoin, derivatives or traditional investment vehicles.†Goldman Sachs to Begin Offering Bitcoin Investments to Wealthy Clients Goldman Sachs is the second […]

Xem chi tiết: Goldman Sachs to Offer ‘Full Spectrum’ of Bitcoin Investments

Boomers Next to Adopt Crypto, a Trillion Dollars Could Flow Into Bitcoin Over the Next Year, Says Novogratz

Galaxy Digital CEO Mike Novogratz has predicted that as much as a trillion dollars could flow into bitcoin over the next year as wealthy baby boomers get into cryptocurrency. With the example of Morgan Stanley, he says that more banks will start offering bitcoin exposure to their customers. $1 Trillion Could Flow Into Bitcoin Michael […]

Xem chi tiết: Boomers Next to Adopt Crypto, a Trillion Dollars Could Flow Into Bitcoin Over the Next Year, Says Novogratz

Boomers Next to Adopt Crypto, a Trillion Dollars Could Flow Into Bitcoin Over the Next Year, Says Novogratz

Galaxy Digital CEO Mike Novogratz has predicted that as much as a trillion dollars could flow into bitcoin over the next year as wealthy baby boomers get into cryptocurrency. With the example of Morgan Stanley, he says that more banks will start offering bitcoin exposure to their customers. $1 Trillion Could Flow Into Bitcoin Michael […]

Xem chi tiết: Boomers Next to Adopt Crypto, a Trillion Dollars Could Flow Into Bitcoin Over the Next Year, Says Novogratz

JMP Securities Expects $1.5 Trillion to Flow Into Bitcoin as Retail Wealth Management Industry Follows Morgan Stanley to Offer BTC to Clients

JMP Securities has predicted that “$1.5 trillion of incremental capital†could flow into bitcoin, an amount greater than the cryptocurrency’s current market cap. The firm sees more wealth management companies following Morgan Stanley’s example to offer bitcoin to their clients. “Around $30 trillion of assets in the U.S. retail wealth management industry currently do not […]

Xem chi tiết: JMP Securities Expects $1.5 Trillion to Flow Into Bitcoin as Retail Wealth Management Industry Follows Morgan Stanley to Offer BTC to Clients

Stock Exchange SIX Aims to List Bitcoin on SDX, Crypto Trading Platform to Launch This Summer

On March 17, a report detailed that the digital exchange being developed by Switzerland’s principal stock exchange SIX is preparing to launch by the summer of 2021. The exchange called SIX Digital Exchange (SDX) reportedly will also offer bitcoin, alongside the possibility of non-fungible token (NFT) assets like tokenized works of art. SIX to Launch […]

Xem chi tiết: Stock Exchange SIX Aims to List Bitcoin on SDX, Crypto Trading Platform to Launch This Summer

Morgan Stanley Making 3 Bitcoin Funds Available to Clients

One of the largest U.S. investment banks, Morgan Stanley, will be offering its wealth management clients access to bitcoin funds. Goldman Sachs, JPMorgan Chase, and Bank of America’s wealth management divisions do not currently allow their advisors to offer direct investment in bitcoin funds. Morgan Stanley to Offer Wealth Clients Access to Bitcoin Funds Investment […]

Xem chi tiết: Morgan Stanley Making 3 Bitcoin Funds Available to Clients

Soros Fund, New York Life, Morgan Stanley Among Investors of $200 Million in Bitcoin Investment Firm

Soros Fund Management, New York Life, and Morgan Stanley have joined Stone Ridge Holdings, Massmutual, FS Investments, and Bessemer Venture Partners to invest in bitcoin-focused investment company NYDIG. They will collaborate on a range of bitcoin-related strategic initiatives, and expect to launch “an explosion of innovation in bitcoin products and services.†Major Companies Want Bitcoin […]

Xem chi tiết: Soros Fund, New York Life, Morgan Stanley Among Investors of $200 Million in Bitcoin Investment Firm

$2 Billion Merger: Bitcoin Miner Cipher Going Public Backed by Fidelity and Morgan Stanley

NYDIG Registers for a Bitcoin ETF, Morgan Stanley Named a Participant in SEC Filing

NYDIG Registers for a Bitcoin ETF, Morgan Stanley Named a Participant in SEC Filing

Morgan Stanley: Cryptocurrencies Here to Stay as Serious Asset Class, Bitcoin Making Progress to Replace Dollar

Morgan Stanley Massively Increases Bitcoin Exposure Through Microstrategy

$200 Billion in Fines: Mega Banks Rack up Penalties From Illegal Activities

$200 Billion in Fines: Mega Banks Rack up Penalties From Illegal Activities

Morgan Stanley Strategist: Bitcoin Rising to Replace US Dollar as World’s Reserve Currency