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Morgan Stanley now thinking to add Bitcoin exposure

Morgan Stanley announced in the filing that several of its funds may gain exposure to Bitcoin. These funds will be able to invest in the cryptocurrency.
morgan stanley

Morgan Stanley is an international investment bank and a global leader in financial services. It was founded in 1931, has headquarters in New York, and on Thursday published a new regulatory filing. 

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The bank announced in the filing that several of its funds may gain exposure to Bitcoin. These funds will be able to invest in the cryptocurrency, but not directly. Investments will be possible through Grayscale’s bitcoin trust or cash-settled futures. 

The first funds to be included will be the Institutional Fund, Institutional Fund Trust, Europe Opportunity Fund, Insight Fund, and Variable Insurance Fund. 

As written on the filing:

“Certain Funds may have exposure to bitcoin indirectly through cash-settled futures or indirectly through investments in Grayscale Bitcoin Trust (BTC) (“GBTC”), a privately offered investment vehicle that invests in bitcoin. To the extent a Fund invests in bitcoin futures or GBTC, it will do so through a wholly-owned subsidiary, which is organized as an exempted company under the laws of the Cayman Islands (each, a “Subsidiary”). A Fund may at times have no exposure to bitcoin.”

Each one of the funds Morgan Stanley is offering, will be authorized to invest in bitcoin up to 25% of the total amount of their assets. 

This comes after the bitcoin investment fund products last month, but they were only available to high-net-worth clients. It looks like Morgan Stanley won’t back down from crypto. In fact, the bank published yesterday a job position as a cryptocurrency and blockchain lead analyst.

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