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.”