US-based investment bank Morgan Stanley has updated prospectuses for several institutional funds to reflect the potential exposure to bitcoin (BTC) through grayscale cash-settled futures contracts, and further highlights the rapid acquisition of digital assets by major investment firms. …
In a March 31 report to the US Securities and Exchange Commission, Morgan Stanley announced that it has updated its section on investment policies and strategies for 12 institutional portfolios. The update allows the Morgan Stanley Institutional Fund, Inc. to add bitcoins to various wallets through the Grayscale Bitcoin Trust and cash-settled futures contracts.
Explains the bail:
“To the extent that the fund invests in bitcoin or GBTC futures, it will do so through a wholly owned subsidiary that is regulated as an exempt company under Cayman Islands law […] The fund may sometimes not have open positions. into bitcoins “…
Wallets that may be available for bitcoin:
Portfolio of benefits
Asia Opportunity Portfolio
Counter Point Global Portfolio
To build a portfolio of opportunities
Portfolio of global benefits
Global portfolio of longevity
Portfolio of global opportunities
Portfolio International Advantage
Portfolio of international opportunities
Eternal wallet (each, “wallet”)
Complaints about Morgan Stanley’s institutional Bitcoin offering have gained momentum in recent weeks after an “internal note” revealed the bank’s intention to offer cryptocurrencies to wealthy customers. Morgan Stanley has also been linked to Bithumb amid reports that the bank is looking at a large stake in a leading Korean stock exchange.
As Bloomberg reported in February, Morgan Stanley is considering buying bitcoin directly through its investment arm Counterpart Global.