Morgan Stanley Files With SEC for Bitcoin Exposure to 12 Funds
Morgan Stanley, the American Banking giant in an SEC Filing on Thursday revealed that it is all set to add Bitcoin exposure to 12 of its institutional funds via cash-settled futures or a Grayscale’s Bitcoin Trust.
The SEC filing confirms earlier reports about the possibility of the Bank adding Bitcoin exposures to its various popular investment funds along with direct ownership of Bitcoin for clients. The 12 funds which would see Bitcoin exposure include,
- 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
- Permanence Portfolio (each, a “Portfolio)
Each of the 12 funds would have up to 25% allocation towards bitcoin, which is significantly high and indicates growing institutional demand for Bitcoin-based products. The official filing read,
“Each of the 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 may, consistent with its principal investment strategies, invest 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,” the filing states. “Each Subsidiary may invest in GBTC, cash-settled bitcoin futures, and other investments.”
Top Wall Street Banks and Investment Funds Are Rushing to Add Bitcoin Exposure
Goldman Sachs, the investment banking giant yesterday also filed with the SEC to offer Bitcoin exposure to its clients across various products and even talked about offering physical Bitcoin exposures. Today Morgan Stanley’s filing only confirmed that this bull season most of the wall Street investors who were watching from the sidelines up until now have joined on the growing Bitcoin bandwagon.
Only last year most of these banks didn’t even allow people to open an account for crypto transactions.
- Senators Reaffirm Commitment to Market Structure Bill After Meeting with Coinbase, Ripple
- How the Crypto Market Could React to the Next Fed Meeting on October 29?
- $1.68 Trillion T. Rowe Price Files for First Active Crypto ETF Holding BTC, ETH, SOL, and XRP
- Standard Chartered Predicts Bitcoin Could Drop Below $100K Amid U.S.–China Trade Tensions
- Rising Demand for Verifiable Crypto Ownership Drives Launch of Trezor Safe 7
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
